The primary dissolved salt in Hot Lake water was Mg2+-SO42− whereas sediments were dominated by gypsum (CaSO4·2H2O). Lake water concentrations increased with depth, reaching saturation with epsomite (MgSO4·7H2O) that was exposed at lake bottom. At maximum volume in spring, Hot Lake exhibited a relatively dilute mixolimnion; a lower saline metalimnion with stratified oxygenic and anoxygenic photosynthetic microbiological communities; and a stable, hypersaline monimolimnion, separated from above layers by a chemocline, containing high levels of sulfide and methane. The thickness of the mixolimnion regulates a heliothermal effect that creates temperatures in excess of 60 °C in the underlying metalimnion and monimolimnion. The mixolimnion was dynamic in volume and actively mixed. It displayed large pH variations, in-situ calcium carbonate precipitation, and large evaporative volume losses. The depletion of this layer by fall allowed deeper mixing into the metalimnion, more rapid heat exchange, and lower winter lake temperatures. Solubility calculations indicate seasonal biogenic and thermogenic aragonite precipitation in the mixolimnion and metalimnion, but the absence of calcareous sediments at depth suggests dissolution and recycling during winter months. Dissolved carbon concentrations [dissolved organic carbon (DOC) and dissolved inorganic carbon (DIC)] increased with depth, reaching ∼0.04 mol/L at the metalimnion–monimolimnion boundary. DIC concentrations were seasonally variable in the mixolimnion and metalimnion, and were influenced by calcium carbonate precipitation. DOC concentrations mimicked those of conservative salts (e.g., Na+-Cl−) in the mixolimnion and metalimnion, but decreased in the monimolimnion where mass loss by anaerobic microbial processes is implied. Biogenic reduced solutes originating in monimolimnion (H2S and CH4) were biologically oxidized in the metalimnion as they were not observed in more shallow lake waters. Multi-year solute inventory calculations indicated that Hot Lake is a stable, albeit seasonally and annually dynamic feature, with inorganic solutes cycled between lake waters and sediments depending on annual recharge, temperature, and lake water dilution state. With its extreme geochemical and thermal regime, Hot Lake functions as analog of early earth and extraterrestrial life environments.