Q3 EPS Estimates for Hut 8 Decreased by Northland Securities

Hut 8 Corp. (NASDAQ:HUT) – Stock analysts at Northland Securities dropped their Q3 2026 earnings estimates for shares of Hut 8 in a research note issued on Tuesday, August 4th. Northland Securities analyst M. Grondahl now anticipates that the company will earn ($1.06) per share for the quarter, down from their prior forecast of ($0.21). The consensus estimate for Hut 8’s current full-year earnings is ($2.16) per share. Northland Securities also issued estimates for Hut 8’s Q4 2026 earnings at ($1.00) EPS and FY2026 earnings at ($3.37) EPS.

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

A number of other equities analysts have also recently issued reports on the company. B. Riley Financial boosted their price objective on Hut 8 from $130.00 to $163.00 and gave the company a “buy” rating in a report on Monday. Loop Capital set a $226.00 target price on Hut 8 in a research note on Monday, June 22nd. Canaccord Genuity Group lifted their target price on Hut 8 from $70.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley started coverage on shares of Hut 8 in a research note on Thursday, July 23rd. They set an “overweight” rating and a $263.00 target price for the company. Finally, Needham & Company LLC cut their price target on shares of Hut 8 from $145.00 to $138.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $139.15.

Hut 8 Trading Down 2.3%

Shares of NASDAQ HUT opened at $90.65 on Friday. 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 business’s 50 day moving average price is $110.57 and its 200-day moving average price is $82.09. Hut 8 has a fifty-two week low of $18.68 and a fifty-two week high of $140.80. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -16.63 and a beta of 4.64.

Insider Transactions at Hut 8

In related news, Director Rick Rickertsen sold 17,491 shares of the stock in a transaction that occurred 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 transaction, the director owned 17,491 shares of the company’s stock, valued at $1,924,010. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Flinn sold 7,719 shares of Hut 8 stock in a transaction on Friday, June 12th. The shares were sold at an average price of $117.91, for a total value of $910,147.29. Following the sale, the director directly owned 10,519 shares of the company’s stock, valued at approximately $1,240,295.29. This trade represents a 42.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 102,206 shares of company stock worth $11,376,242 over the last three months. Company insiders own 10.40% of the company’s stock.

Institutional Trading of Hut 8

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arlington Trust Co LLC grew its holdings in Hut 8 by 175.0% during the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Imprint Wealth LLC bought a new stake in shares of Hut 8 in the 4th quarter valued at about $38,000. Russell Investments Group Ltd. lifted its position in shares of Hut 8 by 235.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after purchasing an additional 1,719 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Hut 8 during the first quarter valued at approximately $47,000. Finally, Activest Wealth Management bought a new position in shares of Hut 8 during the fourth quarter valued at approximately $49,000. 31.75% of the stock is currently owned by institutional investors.

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.