Hut 8 (HUT) Projected to Announce Quarterly Earnings on Tuesday

Hut 8 (NASDAQ:HUT) is expected to issue its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect Hut 8 to post earnings of ($0.55) per share and revenue of $79.3660 million for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 8:30 AM ET.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($1.65). The company had revenue of $139.31 million during 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%. On average, analysts expect Hut 8 to post $-3 EPS for the current fiscal year and $-8 EPS for the next fiscal year.

Hut 8 Stock Performance

Shares of HUT stock opened at $107.63 on Monday. The firm has a 50 day moving average price of $111.84 and a two-hundred day moving average price of $80.97. 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 company has a market capitalization of $12.12 billion, a PE ratio of -35.88 and a beta of 4.64. Hut 8 has a 12-month low of $18.68 and a 12-month high of $140.80.

Insider Buying and Selling

In other news, Director Amy Marie Wilkinson sold 20,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the completion of the sale, the director directly owned 262,136 shares in the company, valued at approximately $26,418,066.08. This represents a 7.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rick Rickertsen sold 17,491 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total value of $1,924,010.00. Following the sale, the director directly owned 17,491 shares in the company, valued at approximately $1,924,010. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,206 shares of company stock valued at $11,376,242 over the last 90 days. 10.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hut 8

Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Hut 8 by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock valued at $104,133,000 after buying an additional 504,652 shares in the last quarter. SRS Investment Management LLC bought a new position in Hut 8 in the fourth quarter valued at approximately $131,838,000. Value Aligned Research Advisors LLC increased its stake in Hut 8 by 43.1% in the fourth quarter. Value Aligned Research Advisors LLC now owns 2,788,516 shares of the company’s stock valued at $128,104,000 after acquiring an additional 839,521 shares during the last quarter. State Street Corp raised its position in Hut 8 by 0.7% during the fourth quarter. State Street Corp now owns 2,476,020 shares of the company’s stock valued at $113,748,000 after purchasing an additional 18,042 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Hut 8 by 32.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,836,051 shares of the company’s stock valued at $84,349,000 after purchasing an additional 445,868 shares in the last quarter. 31.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley initiated coverage on Hut 8 in a report on Thursday, July 23rd. They issued an “overweight” rating and a $263.00 price objective on the stock. Citigroup reissued an “outperform” rating on shares of Hut 8 in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of Hut 8 from a “sell” rating to a “strong sell” rating in a research note on Saturday. Cantor Fitzgerald raised their price target on shares of Hut 8 from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, B. Riley Financial lifted their price objective on shares of Hut 8 from $76.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Eighteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.