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Hut 8 Mining Corp. HUT Digital Infrastructure — Cost Of Revenue

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Other financials

Income statement

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Revenue$71.0M+226%
Gross profit$45.5M+1,341%
Operating income-$370.4M-151%
Net income-$219.8M-64.2%
EPS (diluted)-$1.98-52.3%

Balance sheet

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Cash & equivalents$160.0M+47.6%
Total debt$18.2M-65.3%
Total equity$1.4B+43.7%
Total assets$2.6B+66.0%

Cash flow

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Operating cash flow-$27.2M+19.6%
CapEx$36.6M-42.2%
Free cash flow-$63.8M+34.3%

Valuation

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Market cap$14.01B+331%
Enterprise value$13.87B+340%
P/S49.3×+24.7×

Profitability

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Gross margin59.7%+17.9pp
Operating margin-191.6%-226pp
Net margin-109.8%-256pp
FCF margin-108.6%-32.4pp

Returns & leverage

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Return on equity-26.7%-38.4pp
Debt / equity0.0×
Current ratio0.9×-0.4×

Where this comes from

Reported directly by Hut 8 Mining Corp. in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Hut 8 Mining Corp.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hut 8 Mining Corp.'s digital infrastructure — cost of revenue?
Hut 8 Mining Corp. (HUT) reported digital infrastructure — cost of revenue of $19.11M in Q1 2026.
How has Hut 8 Mining Corp.'s digital infrastructure — cost of revenue changed year-over-year?
Hut 8 Mining Corp.'s digital infrastructure — cost of revenue increased by 1125.9% year-over-year, from $1.56M to $19.11M.
What is the long-term trend for Hut 8 Mining Corp.'s digital infrastructure — cost of revenue?
Over 3 years (2022 to 2025), Hut 8 Mining Corp.'s digital infrastructure — cost of revenue has grown at a 198.7% compound annual growth rate (CAGR), from $2.42M to $64.52M.
What does digital infrastructure — cost of revenue mean?
The direct expenses required to operate and maintain the digital infrastructure services.
How do you interpret digital infrastructure — cost of revenue?
An increase relative to revenue suggests margin compression and rising operational costs, while a decrease relative to revenue indicates improved operational efficiency or economies of scale.
How does digital infrastructure — cost of revenue compare across companies?
Comparable to 'Cost of Services' or 'Direct Operating Expenses' reported by colocation and managed service providers.