Hut 8 (TSX:HUT) Tax Rate % : 42.47% (As of Dec. 2024)

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What is Hut 8 Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hut 8's Tax Expense for the three months ended in Dec. 2024 was C$157.4 Mil. Hut 8's Pre-Tax Income for the three months ended in Dec. 2024 was C$370.6 Mil. Therefore, Hut 8's Tax Rate % for the quarter that ended in Dec. 2024 was 42.47%.

Hut 8 Tax Rate % Historical Data

The historical data trend for Hut 8's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hut 8 Tax Rate % Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

Jun23

Dec24

Tax Rate %

-18.96

1.79

25.11

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial										0.49	1.67	2.59	33.30	42.47

Hut 8 Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Hut 8's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	161.642	/	643.836
	=	25.11 %

Hut 8's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	157.404	/	370.63
	=	42.47 %

Hut 8 Tax Rate % Related Terms

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Hut 8 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (TSX:HUT) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

HUT:USA HUT1:Mexico V71:Germany

Address

1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131

Website

https://www.hut8.com

Hut 8 Corp is engaged in the mining of digital assets with an operational focus on utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and receiving Bitcoin in return for successful services. The company has four reportable business segments: Digital Assets Mining, Managed Services, High Performance Computing -Colocation and Cloud, and Other. It derives maximum revenue from Digital Assets Mining segment.