Northland Securities Lowers Earnings Estimates for Hut 8

Hut 8 Corp. (TSE:HUT) – Investment analysts at Northland Securities decreased their Q3 2026 earnings per share estimates for shares of Hut 8 in a research report issued on Tuesday, August 4th. Northland Securities analyst M. Grondahl now forecasts that the company will post earnings per share of ($1.48) for the quarter, down from their previous forecast of ($0.29). The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share. Northland Securities also issued estimates for Hut 8’s Q4 2026 earnings at ($1.40) EPS and FY2026 earnings at ($4.72) EPS.

Other research analysts have also issued research reports about the company. Jefferies Financial Group upgraded Hut 8 to a “strong-buy” rating in a report on Thursday, May 14th. Maxim Group raised Hut 8 to a “strong-buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Hut 8 Stock Performance

Shares of Hut 8 stock opened at C$127.44 on Friday. The business has a 50-day simple moving average of C$155.64 and a 200 day simple moving average of C$114.06. Hut 8 has a one year low of C$25.68 and a one year high of C$194.28. The company has a debt-to-equity ratio of 30.65, a current ratio of 0.86 and a quick ratio of 1.25. The firm has a market capitalization of C$15.71 billion, a price-to-earnings ratio of -45.19 and a beta of 4.58.

Hedge Funds Weigh In On Hut 8

A hedge fund recently bought a new position in Hut 8 stock. Dockside LLC purchased a new stake in shares of Hut 8 Corp. (TSE:HUT) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,252 shares of the company’s stock, valued at approximately $722,000. Hedge funds and other institutional investors own 37.66% of the company’s stock.

Hut 8 News Roundup

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Maxim Group upgraded Hut 8 to “Strong-Buy,” providing a positive analyst signal. However, the firm’s accompanying forecasts still project substantial losses in future periods. Zacks.com analyst upgrade
• Positive Sentiment: Optimistic research coverage highlighted Hut 8’s reported $26.6 billion contracted backlog and non-dilutive debt financing as support for its pivot toward AI data centers. If executed successfully, the backlog could improve long-term revenue visibility while limiting shareholder dilution. Hut 8 contracted backlog and debt article
• Neutral Sentiment: Another bullish analysis argued that investors may be underestimating Hut 8’s second-quarter results and that full commercialization of the Beacon Point project is the more important catalyst. This supports the longer-term story but depends on future execution. Hut 8 Beacon Point commercialization article
• Negative Sentiment: Northland Securities substantially cut its 2026 EPS forecasts to losses of $1.48 per share for the third quarter, $1.40 for the fourth quarter and $4.72 for the full year, versus materially less pessimistic prior estimates. The revisions conflict with the current-year consensus estimate of positive $0.56 EPS and may weigh on valuation.
• Negative Sentiment: Maxim’s forecasts also anticipate escalating losses, including $21.30 per share for fiscal 2027 and $39.88 for fiscal 2028. In addition, the company reportedly faces ERCOT delays for its planned 1-gigawatt Texas AI data center, raising concerns about the timing of commercialization and revenue generation. Hut 8 ERCOT delays article

Hut 8 Company Profile

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.