[2] Precipitation runoff from the mountain's south slope drains into headwaters of Fisher Creek which is a tributary of the Clarks Fork Yellowstone River, whereas the north slope drains into Goose Creek which is a tributary of the nearby Stillwater River.

Topographic relief is significant as the summit rises approximately 1,760 feet (536 meters) above Goose Creek in 1.2 miles (1.9 km).

[4] The Montana Scotch Bonnet Copper and Gold Mining Company worked this area near Lulu Pass in the early 1900s and the mountain's toponym has been officially adopted by the United States Board on Geographic Names.

[3][5][6] The area from Cooke City to Scotch Bonnet Mountain offers some of the finest backcountry snowmobiling in the country.

[7] On January 3, 2010, two snowmobilers riding on the south face of Scotch Bonnet Mountain triggered an avalanche resulting in one fatality.