Hut 8 (HUT) Tax Rate (2022 - 2026)
Hut 8's (HUT) quarterly Tax Rate came in at 15.1% in Q2 2026, down 162.0% on a YoY basis from 24.36% in Q2 2025, and down 6.8% quarter-over-quarter from 16.2% in Q1 2026.
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Analysis
Hut 8 (HUT) Tax Rate (2022 - 2026) Analysis & Trends
Hut 8 (HUT) has reported Tax Rate for 5 consecutive years, with 15.1% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 162.0% year-over-year to 15.1%; the trailing twelve-month figure through Jun 2026 stood at 17.01% (down 2650.0% YoY), and the FY2025 full-year result was 17.29%, down 782.0% from the prior year.
- Tax Rate eased to 15.1% in Q2 2026 per HUT's latest filing, from 16.2% in the prior quarter.
- Across five years, Tax Rate topped out at 42.46% in Q4 2024 and bottomed at 128.57% in Q3 2022.
- Historically, Tax Rate has averaged 4.51% across 5 years, with a median of 13.08% in 2025.
- The sharpest annual moves came in 2023 and 2025: Tax Rate jumped 13420 bps in 2023, then slumped 2187 bps in 2025.
- Over 5 years, Tax Rate stood at 128.57% in 2022, then surged by 94 bps to 7.37% in 2023, then surged by 676 bps to 42.46% in 2024, then sank by 52 bps to 20.59% in 2025, then dropped by 27 bps to 15.1% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 15.1%, 16.2%, and 20.59% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | - |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 1.16% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 15.10% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 0.04% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -0.09% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 1.22% |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -11.44% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -0.03% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -1.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.10% |
| Mar 31, 2026 | 16.20% |
| Dec 31, 2025 | 20.59% |
| Sep 30, 2025 | 27.31% |
| Jun 30, 2025 | 16.72% |
| Mar 31, 2025 | 13.08% |
| Dec 31, 2024 | 42.46% |
| Sep 30, 2024 | 36.74% |
| Jun 30, 2024 | 2.63% |
| Mar 31, 2024 | 1.67% |
| Dec 31, 2023 | -7.37% |
| Sep 30, 2023 | 5.63% |
| Jun 30, 2023 | 3.76% |
| Mar 31, 2023 | 1.64% |
| Sep 30, 2022 | -128.57% |