Hut 8 Mining (TSX:HUT) Tax Rate % : -6.20% (As of Sep. 2023)

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What is Hut 8 Mining Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hut 8 Mining's Tax Expense for the three months ended in Sep. 2023 was C$3.13 Mil. Hut 8 Mining's Pre-Tax Income for the three months ended in Sep. 2023 was C$-50.45 Mil. Therefore, Hut 8 Mining's Tax Rate % for the quarter that ended in Sep. 2023 was -6.20%.

Hut 8 Mining Tax Rate % Historical Data

The historical data trend for Hut 8 Mining'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 Mining Tax Rate % Chart

Hut 8 Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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-377.07

-8.38

-4.11

Hut 8 Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Tax Rate %	Get a 7-Day Free Trial															-	-	-1.00	10.95	-6.20

Hut 8 Mining Tax Rate % Calculation

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

Hut 8 Mining's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	9.593	/	-233.22
	=	-4.11 %

Hut 8 Mining's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	3.127	/	-50.453
	=	-6.20 %

Hut 8 Mining Tax Rate % Related Terms

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Hut 8 Mining (TSX:HUT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 Duncan Street, Suite 500, Toronto, ON, CAN, M5V 2B8

Website

https://www.hut8mining.com

Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.

Hut 8 Mining (TSX:HUT) Headlines

From GuruFocus

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Hut 8 Corp. (HUT)

By Business Wire • 01-23-2024