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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$74.9M+81.4%
Gross profit$48.0M+146%
Operating income-$206.3M-210%
Net income-$150.2M-209%
EPS (diluted)$1.27+7.6%

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$11.43B+430%
Enterprise value$11.29B+340%
P/S36×+20.4×

Profitability

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Gross margin62.3%+18.9pp
Operating margin-295.3%-527pp
Net margin-188.6%-301pp
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 source filing: Hut 8 Mining Corp.’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 6:45 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-055891
(in USD thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Total segment and consolidated revenue$71,017$21,815
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):
Cost of revenue – Power3,3923,628
Cost of revenue – Digital Infrastructure19,1121,559
Cost of revenue – Compute32,63413,472
Eliminations(29,590)
Total segment and consolidated cost of revenue$25,548$18,659
Reconciling items:

Item 1. Financial Statements

FAQ

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?
This metric represents the direct costs incurred to provide digital infrastructure services, including power, maintenance, equipment depreciation, and personnel costs directly tied to the segment's operations. It is a critical measure of operational efficiency and the direct expense required to sustain the segment's revenue-generating activities. Tracking this helps assess the segment's gross margin profile and cost management effectiveness.

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