Hut 8 Mining
HUT
#4480
Rank
ยฃ1.41 B
Marketcap
ยฃ15.16
Share price
3.24%
Change (1 day)
70.83%
Change (1 year)

Operating Margin for Hut 8 Mining (HUT)

Operating Margin as of November 2024 (TTM): 62.49%

According to Hut 8 Mining's latest financial reports and stock price the company's current Operating Margin is 62.49%. At the end of 2023 the company had an Operating Margin of -44.82%.

Operating Margin history for Hut 8 Mining from 2022 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
2023-44.82%79.1%
2022-25.02%

What is a company's Operating Margin?

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.