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Hut 8 (HUT) Operating Expenses (2022 - 2025)

Hut 8's Operating Expenses history spans 4 years, with the latest figure at $372.3 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 184.82% year-over-year to $372.3 million; the TTM value through Dec 2025 reached $449.3 million, up 249.07%, while the annual FY2025 figure was $464.3 million, 220.66% up from the prior year.
  • Operating Expenses reached $372.3 million in Q4 2025 per HUT's latest filing, 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.
  • Average Operating Expenses over 4 years is $17.7 million, with a median of $21.1 million recorded in 2025.
  • The largest YoY upside for Operating Expenses was 1843.43% in 2024 against a maximum downside of 2854.55% in 2024.
  • A 4-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for HUT's Operating Expenses are $372.3 million (Q4 2025), $25.9 million (Q3 2025), and $30.2 million (Q2 2025).