Q2 Earnings Estimate for Hut 8 Issued By Maxim Group

Hut 8 Corp. (NASDAQ:HUT) – Investment analysts at Maxim Group issued their Q2 2026 earnings estimates for shares of Hut 8 in a research note issued on Friday, July 24th. Maxim Group analyst M. Galinko forecasts that the company will earn ($0.53) per share for the quarter. The consensus estimate for Hut 8’s current full-year earnings is ($2.12) per share. Maxim Group also issued estimates for Hut 8’s Q3 2026 earnings at ($1.43) EPS, Q4 2026 earnings at ($1.36) EPS, FY2026 earnings at ($3.69) EPS, Q1 2027 earnings at ($1.45) EPS, Q2 2027 earnings at ($2.81) EPS, Q3 2027 earnings at ($5.55) EPS, Q4 2027 earnings at ($5.01) EPS, FY2027 earnings at ($14.81) EPS, Q1 2028 earnings at ($4.82) EPS, Q2 2028 earnings at ($8.47) EPS and FY2028 earnings at ($28.97) EPS.

Other research analysts have also issued reports about the company. Weiss Ratings lowered Hut 8 from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Compass Point set a $195.00 price objective on Hut 8 in a research report on Wednesday, July 22nd. Canaccord Genuity Group lifted their target price on Hut 8 from $70.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Northland Securities set a $120.00 price target on shares of Hut 8 in a research report on Thursday, May 7th. Finally, Needham & Company LLC raised their price target on shares of Hut 8 from $128.00 to $145.00 and gave the company a “buy” rating in a report on Monday, July 20th. Eighteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.10.

Hut 8 Stock Down 4.9%

Hut 8 stock opened at $104.59 on Tuesday. The business has a fifty day moving average of $111.76 and a two-hundred day moving average of $79.78. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.78 billion, a P/E ratio of -34.86 and a beta of 4.62. Hut 8 has a twelve month low of $18.68 and a twelve month high of $140.80.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). The business had revenue of $139.31 million for the quarter, compared to the consensus estimate of $78.53 million. Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%.

Hedge Funds Weigh In On Hut 8

Several hedge funds and other institutional investors have recently modified their holdings of HUT. Millennium Management LLC boosted its stake in Hut 8 by 11.9% in the 1st quarter. Millennium Management LLC now owns 330,416 shares of the company’s stock worth $3,839,000 after purchasing an additional 35,120 shares in the last quarter. Prudential Financial Inc. acquired a new position in Hut 8 during the 2nd quarter valued at approximately $216,000. Russell Investments Group Ltd. increased its stake in Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after purchasing an additional 1,719 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Hut 8 by 19.9% in the second quarter. New York State Common Retirement Fund now owns 32,540 shares of the company’s stock worth $605,000 after buying an additional 5,400 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Hut 8 by 13.2% in the second quarter. Invesco Ltd. now owns 1,067,985 shares of the company’s stock worth $19,865,000 after buying an additional 124,439 shares during the last quarter. 31.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Rick Rickertsen sold 17,491 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the transaction, the director directly owned 17,491 shares of the company’s stock, valued at $1,924,010. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Flinn sold 30,500 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $116.21, for a total value of $3,544,405.00. Following the completion of the sale, the director owned 18,238 shares of the company’s stock, valued at approximately $2,119,437.98. This trade represents a 62.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 112,724 shares of company stock valued at $12,184,340. 10.40% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Hut 8

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

• Neutral Sentiment: Maxim Group reiterated a multi-year earnings outlook for Hut 8, including projected losses of $0.53 per share in Q2 2026, $1.43 in Q3 2026 and $1.36 in Q4 2026. The reports did not announce a rating or price-target change. Hut 8 stock information
• Negative Sentiment: Maxim forecasts a full-year 2026 loss of $3.69 per share, wider than the current consensus estimate of a $2.12 loss. The firm also projects losses of $14.81 per share in 2027 and $28.97 per share in 2028.
• Negative Sentiment: The projected losses become particularly severe in later periods, reaching $5.55 per share in Q3 2027, $5.01 in Q4 2027, $4.82 in Q1 2028 and $8.47 in Q2 2028. This trajectory suggests significant uncertainty around Hut 8’s ability to achieve sustainable earnings.

About Hut 8

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.