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Hut 8 Mining (HUT) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Hut 8 Mining Revenue Highlights

Latest Revenue (Y)

$150.68M

Latest Revenue (Q)

$48.18M

Main Segment (Y)

Digital assets mined

Hut 8 Mining Revenue by Period

Hut 8 Mining Revenue by Year

DateRevenueChange
2023-06-30$150.68M-13.29%
2022-06-30$173.77M326.85%
2020-12-31$40.71M-50.35%
2019-12-31$81.99M65.84%
2018-12-31$49.44M100.00%
2017-06-30-100.00%
2016-06-30-100.00%
2015-06-30-100.00%
2014-06-30-100.00%
2013-06-30-100.00%
2012-06-30--

Hut 8 Mining generated $150.68M in revenue during NA 2022, up -13.29% compared to the previous quarter, and up Infinity% compared to the same period a year ago.

Hut 8 Mining Revenue by Quarter

DateRevenueChange
2024-06-30$48.18M-30.95%
2024-03-31$69.78M31.69%
2023-12-31$52.99M138.28%
2023-09-30$22.24M15.92%
2023-06-30$19.18M0.85%
2023-03-31$19.02M-12.88%
2022-12-31$21.83M-31.06%
2022-09-30$31.67M-27.77%
2022-06-30$43.84M-17.79%
2022-03-31$53.33M-7.89%
2021-12-31$57.90M15.02%
2021-09-30$50.34M50.05%
2021-06-30$33.55M3.18%
2021-03-31$32.51M150.38%
2020-12-31$12.99M125.66%
2020-09-30$5.75M-37.65%
2020-06-30$9.23M-27.55%
2020-03-31$12.74M-14.25%
2019-12-31$14.86M-44.46%
2019-09-30$26.75M-5.41%
2019-06-30$28.28M133.68%
2019-03-31$12.10M-6.87%
2018-12-31$12.99M-26.40%
2018-09-30$17.65M126.33%
2018-06-30$7.80M-29.02%
2018-03-31$10.99M100.00%
2017-12-31-100.00%
2017-09-30-100.00%
2017-06-30-100.00%
2017-03-31-100.00%
2016-12-31-100.00%
2016-09-30-100.00%
2016-06-30-100.00%
2016-03-31-100.00%
2015-12-31-100.00%
2015-09-30-100.00%
2015-06-30-100.00%
2015-03-31-100.00%
2014-12-31-100.00%
2014-09-30-100.00%
2014-06-30-100.00%
2014-03-31-100.00%
2013-12-31-100.00%
2013-09-30-100.00%
2013-06-30-100.00%
2013-03-31-100.00%
2012-12-31-100.00%
2012-09-30-100.00%
2012-06-30-100.00%
2012-03-31-100.00%
2011-12-31--

Hut 8 Mining generated $48.18M in revenue during Q2 2024, up -30.95% compared to the previous quarter, and up 253.32% compared to the same period a year ago.

Hut 8 Mining Revenue Breakdown

Hut 8 Mining Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21
Digital assets mined$133.04M$165.40M
Hosting fees$751.00K$8.38M

Hut 8 Mining's latest annual revenue breakdown by segment (product or service), as of Dec 22: Digital assets mined (99.44%), and Hosting fees (0.56%).

Hut 8 Mining Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MARAMarathon Digital$387.51M$131.65M
RIOTRiot Blockchain$280.68M$84.80M
CLSKCleanSpark$168.41M$104.11M
HUTHut 8 Mining$150.68M$48.18M
BITFBitfarms$149.05M$50.09M
HIVEHIVE Blockchain$106.32M$37.07M
WULFTeraWulf$69.23M$27.06M
BTBTBit Digital$44.92M$30.29M

HUT Revenue FAQ

What is Hut 8 Mining’s yearly revenue?

Hut 8 Mining's yearly revenue for 2022 was $150.68M, representing a decrease of -13.29% compared to 2021. The company's yearly revenue for 2021 was $173.77M, representing an increase of 326.85% compared to 2020. HUT's yearly revenue for 2020 was $40.71M, representing a decrease of -50.35% compared to 2019.

What is Hut 8 Mining’s quarterly revenue?

Hut 8 Mining's quarterly revenue for Q2 2024 was $48.18M, a -30.95% decrease from the previous quarter (Q1 2024), and a 151.18% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $69.78M, a 31.69% increase from the previous quarter (Q4 2023), and a 266.85% increase year-over-year (Q1 2023). HUT's quarterly revenue for Q4 2023 was $52.99M, a 138.28% increase from the previous quarter (Q3 2023), and a 142.68% increase year-over-year (Q4 2022).

What is Hut 8 Mining’s revenue growth rate?

Hut 8 Mining's revenue growth rate for the last 3 years (2020-2022) was 270.13%, and for the last 5 years (2018-2022) was 204.78%.

What are Hut 8 Mining’s revenue streams?

Hut 8 Mining's revenue streams in c 22 are Digital assets mined, and Hosting fees. Digital assets mined generated $133.04M in revenue, accounting 99.44% of the company's total revenue, down -19.56% year-over-year. Hosting fees generated $751K in revenue, accounting 0.56% of the company's total revenue, down -91.03% year-over-year.

What is Hut 8 Mining’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Hut 8 Mining was Digital assets mined. This segment made a revenue of $133.04M, representing 99.44% of the company's total revenue.