What is Maxim Group’s Forecast for Hut 8 FY2026 Earnings?

Hut 8 Corp. (NASDAQ:HUT) – Investment analysts at Maxim Group issued their FY2026 earnings per share estimates for Hut 8 in a report released on Wednesday, August 5th. Maxim Group analyst A. Klee expects that the company will earn ($4.00) per share for the year. Maxim Group currently has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($2.80) per share.

Other research analysts also recently issued research reports about the stock. Loop Capital set a $226.00 price target on shares of Hut 8 in a research report on Monday, June 22nd. B. Riley Financial increased their price objective on shares of Hut 8 from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Piper Sandler lifted their target price on shares of Hut 8 from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday. Citizens Jmp boosted their target price on shares of Hut 8 from $100.00 to $140.00 and gave the company a “market outperform” rating in a report on Thursday, May 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Hut 8 in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $144.89.

Hut 8 Stock Performance

NASDAQ:HUT opened at $85.66 on Tuesday. The company has a market capitalization of $10.56 billion, a PE ratio of -15.72 and a beta of 4.64. The company has a 50 day simple moving average of $108.91 and a two-hundred day simple moving average of $82.49. The company has a debt-to-equity ratio of 4.22, a quick ratio of 19.35 and a current ratio of 19.35. Hut 8 has a fifty-two week low of $19.70 and a fifty-two week high of $140.80.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.The company had revenue of $72.66 million during the quarter, compared to analyst estimates of $79.37 million. During the same period in the prior year, the firm earned $1.18 earnings per share.

Insider Buying and Selling at Hut 8

In other news, Director Amy Marie Wilkinson sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the sale, the director directly owned 262,136 shares of the company’s stock, valued at $26,418,066.08. This represents a 7.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rick Rickertsen sold 17,491 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $110.00, for a total value of $1,924,010.00. Following the completion of the transaction, the director owned 17,491 shares in the company, valued at $1,924,010. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 85,710 shares of company stock worth $9,644,162. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Hut 8

Several institutional investors have recently bought and sold shares of HUT. BlackRock Inc. purchased a new stake in Hut 8 in the 2nd quarter valued at $1,093,294,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hut 8 by 4,669,387.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after acquiring an additional 4,062,367 shares in the last quarter. SRS Investment Management LLC bought a new stake in shares of Hut 8 in the 4th quarter worth $131,838,000. Sachem Head Capital Management LP purchased a new stake in shares of Hut 8 in the fourth quarter valued at about $129,780,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Hut 8 by 1,043.0% in the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock valued at $46,255,000 after purchasing an additional 2,269,237 shares during the last quarter. Institutional investors own 31.75% of the company’s stock.

Hut 8 Company Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.