Q3 Earnings Forecast for Hut 8 Issued By Maxim Group

Hut 8 Corp. (NASDAQ:HUT) – Equities research analysts at Maxim Group issued their Q3 2026 earnings per share (EPS) estimates for Hut 8 in a research report issued to clients and investors on Wednesday, August 5th. Maxim Group analyst A. Klee forecasts that the company will post earnings per share of ($1.62) for the quarter. Maxim Group currently has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($2.16) per share. Maxim Group also issued estimates for Hut 8’s Q4 2026 earnings at ($1.53) EPS, Q1 2027 earnings at ($1.58) EPS, Q2 2027 earnings at ($2.95) EPS, Q3 2027 earnings at ($5.63) EPS, Q4 2027 earnings at ($4.98) EPS, FY2027 earnings at ($15.13) EPS, Q1 2028 earnings at ($4.74) EPS, Q2 2028 earnings at ($8.33) EPS and FY2028 earnings at ($28.33) EPS.

Hut 8 (NASDAQ:HUT) last announced its earnings results on Tuesday, August 4th. The company reported ($1.27) earnings per share (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 business had revenue of $72.66 million for the quarter, compared to analysts’ expectations of $79.37 million. During the same period in the previous year, the firm posted $1.18 earnings per share.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods dropped their price objective on Hut 8 from $157.00 to $154.00 and set an “outperform” rating on the stock in a report on Thursday. B. Riley Financial increased their target price on Hut 8 from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Monday. Benchmark raised their price target on shares of Hut 8 from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Citizens Jmp lifted their price target on shares of Hut 8 from $100.00 to $140.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group upped their price target on shares of Hut 8 from $70.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $139.15.

Hut 8 Trading Down 2.3%

Shares of HUT opened at $90.65 on Friday. Hut 8 has a one year low of $18.68 and a one year high of $140.80. The stock has a 50-day moving average price of $110.57 and a 200 day moving average price of $82.09. The company has a debt-to-equity ratio of 4.22, a quick ratio of 0.86 and a current ratio of 19.35. The company has a market capitalization of $11.17 billion, a P/E ratio of -16.63 and a beta of 4.64.

Institutional Investors Weigh In On Hut 8

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Hut 8 by 4,669,387.4% during the fourth 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 during the period. SRS Investment Management LLC bought a new position in Hut 8 in the fourth quarter worth about $131,838,000. Sachem Head Capital Management LP acquired a new position in Hut 8 in the fourth quarter valued at approximately $129,780,000. Ameriprise Financial Inc. boosted its stake in 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 acquiring an additional 2,269,237 shares during the period. Finally, Oasis Management Co Ltd. grew its holdings in shares of Hut 8 by 231.5% during the fourth quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company’s stock valued at $106,015,000 after purchasing an additional 1,611,653 shares during the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hut 8

In other Hut 8 news, insider Victor Semah sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the insider owned 31,378 shares of the company’s stock, valued at $3,922,250. This trade represents a 24.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Flinn sold 7,719 shares of Hut 8 stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $117.91, for a total value of $910,147.29. Following the completion of the transaction, the director owned 10,519 shares of the company’s stock, valued at approximately $1,240,295.29. The trade was a 42.32% decrease in their position. 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. Insiders sold 102,206 shares of company stock valued at $11,376,242 in the last three months. Corporate insiders own 10.40% of the company’s stock.

More Hut 8 News

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

• Positive Sentiment: Analyst upgrades and bullish targets: Maxim Group upgraded Hut 8 to “strong buy.” Keefe, Bruyette & Woods maintained an “outperform” rating and set a $154 price target, despite trimming it from $157. These targets imply substantial potential upside if the AI infrastructure strategy succeeds. Benzinga analyst rating report
• Positive Sentiment: AI infrastructure pivot is attracting investor interest: Hut 8 is repositioning itself as a power-focused AI data-center platform, seeking longer-term contracted cash flows rather than relying primarily on bitcoin prices. The company has also outlined an 8.7-gigawatt development pipeline, while its Beacon Point lease is projected to have $9.8 billion of base-term value. Why Hut 8 Is Up After Pivoting Toward AI Data Center Infrastructure Hut 8 outlines 8.7 GW pipeline
• Positive Sentiment: Financing could support expansion: Hut 8 reportedly secured $7.5 billion in non-recourse, investment-grade project financing, potentially enabling large campus construction without equity dilution or additional parent-level debt. Adjusted EBITDA improved and gross margin expanded to 64%, according to one analysis. Hut 8 Q2 2026 analysis
• Neutral Sentiment: Options activity increased: Traders purchased a high volume of HUT call options, signaling speculative bullish positioning, though options activity does not necessarily indicate durable institutional confidence. Hut 8 call options activity
• Negative Sentiment: Earnings missed expectations: Hut 8 reported a quarterly loss of $1.27 per share versus the expected $0.55 loss, while revenue of $72.66 million fell short of the $79.37 million consensus. The company also posted a deeply negative net margin, with bitcoin mark-to-market volatility contributing to the weak GAAP results. The earnings disappointment has driven the recent decline and remains the main near-term risk. Hut 8 stock falls on disappointing 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.