Hut 8 (HUT) Tax Provisions (2022 - 2026)
Hut 8's (HUT) quarterly Tax Provisions came in at -$31.5 million in Q2 2026, down 214.13% on a YoY basis from $27.6 million in Q2 2025, and up 35.64% quarter-over-quarter from -$48.9 million in Q1 2026.
Analysis
Hut 8 (HUT) Tax Provisions (2022 - 2026) Analysis & Trends
Hut 8 (HUT) has reported Tax Provisions for 5 consecutive years, with -$31.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Provisions fell 214.13% year-over-year to -$31.5 million; the trailing twelve-month figure through Jun 2026 stood at -$139.7 million (down 218.0% YoY), and the FY2025 full-year result was -$51.8 million, down 145.69% from the prior year.
- Tax Provisions climbed to -$31.5 million in Q2 2026 per HUT's latest filing, from -$48.9 million in the prior quarter.
- Across five years, Tax Provisions topped out at $110.5 million in Q4 2024 and bottomed at -$78.2 million in Q4 2025.
- Historically, Tax Provisions has averaged -$1.2 million across 5 years, with a median of $315000.0 in 2022.
- The sharpest annual moves came in 2024 and 2025: Tax Provisions soared 26336.82% in 2024, then sank 559.2% in 2025.
- Over 5 years, Tax Provisions stood at $315000.0 in 2022, then slumped by 233.65% to -$421000.0 in 2023, then jumped by 26336.82% to $110.5 million in 2024, then sank by 170.83% to -$78.2 million in 2025, then jumped by 59.74% to -$31.5 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered -$31.5 million, -$48.9 million, and -$78.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn | - |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn | -8.01 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn | -31.50 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn | -105,000.00 |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - | 580,000.00 |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - | -2.97 Mn |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn | 11.71 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn | 17,000.00 |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn | 1.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -31.50 Mn |
| Mar 31, 2026 | -48.94 Mn |
| Dec 31, 2025 | -78.24 Mn |
| Sep 30, 2025 | 19.02 Mn |
| Jun 30, 2025 | 27.60 Mn |
| Mar 31, 2025 | -20.21 Mn |
| Dec 31, 2024 | 110.46 Mn |
| Sep 30, 2024 | 500,000.00 |
| Jun 30, 2024 | -1.90 Mn |
| Mar 31, 2024 | 4.40 Mn |
| Dec 31, 2023 | -421,000.00 |
| Sep 30, 2023 | 672,000.00 |
| Jun 30, 2023 | 611,000.00 |
| Mar 31, 2023 | 289,000.00 |
| Sep 30, 2022 | 315,000.00 |