How Hut 8 (HUT) Makes Money: A Visual Guide
Its largest revenue source is High Performance Computing, Colocation And Cloud (86.6% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
In TTM through Q1 2026, Hut 8 (HUT) generated revenue across 3 reportable product segments; the largest contributor was High Performance Computing, Colocation And Cloud at 86.6%, followed by Power (9.4%) and Digital Infrastructure (4%). Geographically, UNITED STATES accounted for 86.2% of revenue, followed by CANADA (13.8%).
Hut 8 (HUT) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending .
Hut 8 (HUT) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for Hut 8 (HUT) in TTM through Q1 2026.
High Performance Computing, Colocation And Cloud
- Revenue
- $208.11M
- % of total
- 86.6%
Power
- Revenue
- $22.57M
- % of total
- 9.4%
Digital Infrastructure
- Revenue
- $9.56M
- % of total
- 4%
Total
- Revenue
- $240.24M
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| High Performance Computing, Colocation And Cloud | $208.11M | 86.6% |
| Power | $22.57M | 9.4% |
| Digital Infrastructure | $9.56M | 4% |
| Total | $240.24M | 100% |
Hut 8 (HUT) Revenue by Geography — FY 2025 (period end December 31, 2025)
Quarterly geographic data is unavailable for this period, so the table reflects the company's last annual disclosure (FY 2025 (period end December 31, 2025)). The income statement above uses TTM through Q1 2026, so regional dollars and percentages will not match line-for-line.
Revenue contribution by geographic region for Hut 8 (HUT), FY 2025 (period end December 31, 2025).
UNITED STATES
- Revenue
- $202.61M
- % of total
- 86.2%
CANADA
- Revenue
- $32.51M
- % of total
- 13.8%
Total
- Revenue
- $235.12M
- % of total
- 100%
| Region | Revenue | % of total |
|---|---|---|
| UNITED STATES | $202.61M | 86.2% |
| CANADA | $32.51M | 13.8% |
| Total | $235.12M | 100% |
Frequently asked questions
What is Hut 8 (HUT) main revenue source?
Hut 8 (HUT) main revenue source is High Performance Computing, Colocation And Cloud, which accounts for 86.6% of total revenue for TTM through Q1 2026.
What are Hut 8 (HUT) main revenue segments?
Hut 8 (HUT) reports revenue across 3 reportable product segments, led by High Performance Computing, Colocation And Cloud at 86.6% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
Where does Hut 8 (HUT) generate most of its revenue?
Geographically, 86.2% of Hut 8 (HUT) revenue came from UNITED STATES in the most recent annual filing. The full regional split is shown in the revenue-by-geography table on this page.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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