Q1 EPS Estimates for Hut 8 Reduced by Northland Securities

Hut 8 Corp. (NASDAQ:HUT) – Stock analysts at Northland Securities decreased their Q1 2026 EPS estimates for shares of Hut 8 in a research report issued to clients and investors on Wednesday, February 25th. Northland Securities analyst M. Grondahl now expects that the company will post earnings of ($0.28) per share for the quarter, down from their previous forecast of ($0.01). The consensus estimate for Hut 8’s current full-year earnings is ($0.53) per share. Northland Securities also issued estimates for Hut 8’s Q2 2026 earnings at ($0.21) EPS, Q3 2026 earnings at ($0.18) EPS, Q4 2026 earnings at ($0.14) EPS and FY2026 earnings at ($0.81) EPS.

Several other research analysts have also recently issued reports on the company. B. Riley Financial increased their price objective on Hut 8 from $61.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Canaccord Genuity Group upped their target price on Hut 8 from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. HC Wainwright restated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a research note on Thursday. Roth Mkm restated a “buy” rating and issued a $80.00 price objective on shares of Hut 8 in a report on Tuesday, January 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Hut 8 in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $65.06.

Hut 8 Stock Performance

Shares of NASDAQ:HUT opened at $54.82 on Friday. The firm’s 50 day simple moving average is $55.01 and its 200-day simple moving average is $43.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.72 and a current ratio of 0.72. Hut 8 has a one year low of $10.04 and a one year high of $66.07. The firm has a market cap of $5.92 billion, a PE ratio of -23.63 and a beta of 4.42.

Institutional Investors Weigh In On Hut 8

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in Hut 8 by 19.4% in the second quarter. Rhumbline Advisers now owns 146,356 shares of the company’s stock worth $2,722,000 after acquiring an additional 23,753 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in shares of Hut 8 in the 2nd quarter valued at approximately $3,688,000. Tobam raised its position in shares of Hut 8 by 48.9% in the 2nd quarter. Tobam now owns 34,945 shares of the company’s stock valued at $650,000 after purchasing an additional 11,482 shares during the last quarter. Paradiem LLC acquired a new stake in Hut 8 in the 3rd quarter worth approximately $1,652,000. Finally, Steadview Capital Management LLC purchased a new stake in Hut 8 during the 3rd quarter worth approximately $985,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Hut 8

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

• Positive Sentiment: Strong revenue growth and strategic AI pivot — Zacks reports Q4 revenue jumped ~179% year-over-year driven by Compute growth and a deliberate shift to AI and power‑first infrastructure, which supports Hut 8’s longer‑term growth thesis. HUT 8 Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Analyst upward revisions and buy ratings — HC Wainwright, Rosenblatt and Needham reaffirm/raise coverage and lift price targets (up to $80, $65 and $66 respectively), signaling institutional confidence in Hut 8’s AI/compute strategy and implying meaningful upside. Benzinga coverage of analyst actions
• Positive Sentiment: Partnership to scale AI deployments — Vertiv announced a collaboration with Hut 8 to industrialize and accelerate deployment of high‑density AI infrastructure, which could de‑risk buildout timelines and increase addressable market for Hut 8’s compute services. Vertiv industrializes AI deployment; collaborates with Hut 8
• Positive Sentiment: Brokerage consensus = Buy — Coverage aggregation shows a consensus buy, reinforcing positive analyst sentiment around the company’s strategic repositioning. Hut 8 Receives Consensus “Buy”
• Neutral Sentiment: Detailed investor materials released — Management published the Q4 slide deck and earnings call transcript (Seeking Alpha and company documents) — useful for modeling revenue cadence, capital plans and the timing of AI/compute customer wins. Q4 Results – Earnings Call Presentation
• Negative Sentiment: Large GAAP loss and EPS miss — Company reported a steep GAAP loss (reported EPS around -$2.63 to -$2.75 in various releases) and a sizable net loss in the quarter, driven in part by non‑cash items and remeasurements, which raises near‑term profitability concerns. Press Release / Slide Deck
• Negative Sentiment: Mixed quarter vs Street expectations — Some outlets note revenue or EPS fell short of certain Street projections (e.g., revenue reported ~$88.5M vs some estimates near $103M), creating short‑term volatility as investors reconcile strong y/y growth with quarterly beats/misses. Hut 8 Stock Pops As Earnings Highlight AI Pivot

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.