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Hut 8 (HUT) Tax Rate % : 1.67% (As of Mar. 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 Mar. 2024 was $4.4 Mil. Hut 8's Pre-Tax Income for the three months ended in Mar. 2024 was $262.7 Mil. Therefore, Hut 8's Tax Rate % for the quarter that ended in Mar. 2024 was 1.67%.

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
Tax Rate %
- -18.96

Hut 8 Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.64 -23.50 -1.41 -4.77 1.67

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 Jun. 2022 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2022 )/Pre-Tax Income (A: Jun. 2022 )
=5.069/-26.734
=-18.96 %

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

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=4.396/262.729
=1.67 %

* 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.

Hut 8 Tax Rate % Related Terms

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Hut 8 (HUT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (NAS:HUT) » Definitions » Tax Rate %
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Traded in Other Exchanges
HUT1:Mexico V71:Germany HUT:Canada
Address
1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131
Website
https://www.hut8.com
Hut 8 Corp is harnessing the limitless potential of data by leveraging cutting-edge infrastructure to create value for its customers and shareholders. Led by a seasoned executive team, Hut 8 is bullish on building computing infrastructure that powers Bitcoin mining, traditional data center's, and the dynamic requirements of future technologies like AI and machine learning.

Hut 8 (HUT) Headlines

From GuruFocus

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

By Business Wire • 01-23-2024