Hut 8 annual operating expenses
2022
2023
2023
2024
2025
Hut 8 Operating Expenses Growth & History (HUT)
Hut 8's operating expenses was $449.3M for fiscal 2025.
View full Hut 8 company overviewHut 8 annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $449.3M | $328.6M | +272.31% |
| 2024 | 2024-12-31 | $120.7M | $104.7M | +654.88% |
| 2023 · Dec 31 | 2023-12-31 | $16.0M | — | — |
| 2023 · Jun 30 | 2023-06-30 | $107.7M | $40.0M | +58.99% |
| 2022 | 2022-06-30 | $67.8M | — | — |
Hut 8 quarterly operating expenses
Q1.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $254.4M | $204.8M | +412.68% |
| Q1 2026 | 2026-03-31 | $415.8M | $265.0M | +175.74% |
| Q4 2025 | 2025-12-31 | $488.3M | — | — |
| Q3 2025 | 2025-09-30 | $53.7M | $25.9M | +93.38% |
| Q2 2025 | 2025-06-30 | $49.6M | −$51.7M | −51.01% |
| Q1 2025 | 2025-03-31 | $150.8M | — | — |
| Q3 2024 | 2024-09-30 | $27.7M | $5.4M | +24.04% |
| Q2 2024 | 2024-06-30 | $101.3M | $93.7M | +1231.13% |
| Q1 2024 · Sep 30 | 2023-09-30 | $22.4M | −$7.4M | −24.83% |
| Q4 2023 | 2023-06-30 | $7.6M | — | — |
| Q3 2023 | 2023-03-31 | $8.9M | — | — |
| Q1 2023 | 2022-09-30 | $29.8M | — | — |
Hut 8 operating expenses trends
Between the periods ended 2022-06-30 and 2025-12-31, Hut 8's operating expenses increased from $67.8M to $449.3M, a change of $381.6M. The latest reported quarter, Q2 2026, shows $254.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Hut 8 source filings ↗