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Hut 8 (HUT) Operating Expenses (2022 - 2026)

Hut 8 filings provide 4 years of Operating Expenses readings, the most recent being $372.3 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 184.82% to $372.3 million in Q4 2025 year-over-year; TTM through Dec 2025 was $449.3 million, a 249.07% increase, with the full-year FY2025 number at $464.3 million, up 220.66% from a year prior.
  • Operating Expenses hit $372.3 million in Q4 2025 for Hut 8, up from $25.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $372.3 million in Q4 2025 to a low of -$438.9 million in Q4 2024.
  • Median Operating Expenses over the past 4 years was $21.1 million (2025), compared with a mean of $17.7 million.
  • The widest YoY moves for Operating Expenses: up 1843.43% in 2024, down 2854.55% in 2024.
  • Hut 8's Operating Expenses stood at $29.8 million in 2022, then tumbled by 46.46% to $15.9 million in 2023, then crashed by 2854.55% to -$438.9 million in 2024, then skyrocketed by 184.82% to $372.3 million in 2025.
  • The last three reported values for Operating Expenses were $372.3 million (Q4 2025), $25.9 million (Q3 2025), and $30.2 million (Q2 2025) per Business Quant data.