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Hut 8 Mining Corp. HUT Total Cost of Revenue

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Segments

By product

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High Performance Computing Colocation And Cloud$32.63M+142%
Digital Infrastructure$19.11M+1,126%
Power$3.39M-6.5%

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 total cost of revenue?
Hut 8 Mining Corp. (HUT) reported total cost of revenue of $25.55M in Q1 2026.
How has Hut 8 Mining Corp.'s total cost of revenue changed year-over-year?
Hut 8 Mining Corp.'s total cost of revenue increased by 36.9% year-over-year, from $18.66M to $25.55M.
What is the long-term trend for Hut 8 Mining Corp.'s total cost of revenue?
Over 3 years (2022 to 2025), Hut 8 Mining Corp.'s total cost of revenue has grown at a 61.1% compound annual growth rate (CAGR), from $25.78M to $107.77M.
What does total cost of revenue mean?
The direct costs incurred to generate the company's primary revenue.
How do you interpret total cost of revenue?
A decrease relative to revenue indicates improved operational efficiency or lower energy costs, whereas an increase may signal rising electricity prices or aging equipment.
How does total cost of revenue compare across companies?
Highly comparable across mining peers; focus is on cost-per-hash or cost-per-Bitcoin mined.