Q1 EPS Estimates for Hut 8 Lowered by Northland Securities

Hut 8 Corp. (TSE:HUT) – Northland Securities decreased their Q1 2026 earnings per share estimates for shares of Hut 8 in a research note issued to investors on Wednesday, February 25th. Northland Securities analyst M. Grondahl now expects that the company will earn ($0.38) per share for the quarter, down from their prior estimate of ($0.01). The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share. Northland Securities also issued estimates for Hut 8’s Q2 2026 earnings at ($0.29) EPS, Q3 2026 earnings at ($0.25) EPS, Q4 2026 earnings at ($0.19) EPS and FY2026 earnings at ($1.11) EPS.

Several other equities research analysts have also commented on HUT. Keefe, Bruyette & Woods raised shares of Hut 8 to a “moderate buy” rating in a report on Tuesday, January 27th. HC Wainwright upgraded shares of Hut 8 to a “strong-buy” rating in a research report on Monday, February 2nd. Eight equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Hut 8 Trading Down 3.2%

Shares of HUT stock opened at C$72.60 on Friday. Hut 8 has a 1-year low of C$14.28 and a 1-year high of C$89.34. The company has a market cap of C$7.84 billion, a price-to-earnings ratio of 38.82 and a beta of 4.58. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26. The stock has a 50 day simple moving average of C$75.73 and a 200-day simple moving average of C$60.73.

Trending Headlines about Hut 8

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

• Positive Sentiment: Hut 8 says its West Feliciana data center will fund its own water and power upgrades tied to a planned ~$2.8B data-center project — this supports future capacity expansion and reduces utility constraints that could limit hashing growth. Hut 8’s West Feliciana data center to fund its own water and power upgrades
• Neutral Sentiment: Revenue climbed to $88.5M in Q4, indicating top-line operational growth, but the quarter included a $401.9M digital-asset loss that wiped out earnings benefits — positive for growth narrative but mixed for near-term profitability. Hut 8 Revenue Jumps to $88.5M in Q4 Despite $401.9M Digital Asset Loss
• Neutral Sentiment: CEO Asher Genoot has been interviewed on CNBC/MSN discussing power strategy and scaling data-center operations — helpful for investor visibility on execution and energy plans but not new financial guidance. Watch CNBC’s full interview with Hut 8 CEO Asher Genoot
• Negative Sentiment: Analyst cuts from Northland Securities are the clearest near-term negative catalyst: the firm slashed Q1–Q4 2026 and FY2026 EPS estimates (FY2026 to -$1.11 from +$0.11 previously), signaling expectations for materially weaker earnings and likely pressuring the stock today. MarketBeat: Northland Securities estimate revisions

Hut 8 Company Profile

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.