Brokers Issue Forecasts for Hut 8’s Q1 Earnings (NASDAQ:HUT)

Hut 8 Corp. (NASDAQ:HUT) – Northland Securities decreased their Q1 2026 EPS estimates for Hut 8 in a report issued on Wednesday, February 25th. Northland Securities analyst M. Grondahl now anticipates that the company will post earnings per share of ($0.28) for the quarter, down from their prior 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.

A number of other research firms also recently issued reports on HUT. B. Riley Financial boosted their price target on Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Hut 8 in a report on Monday, December 29th. Wall Street Zen upgraded shares of Hut 8 from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Benchmark reissued a “buy” rating on shares of Hut 8 in a research report on Wednesday, December 17th. Finally, Canaccord Genuity Group raised their target price on Hut 8 from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $65.56.

Hut 8 Trading Down 2.9%

HUT stock opened at $53.23 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -22.94 and a beta of 4.42. The business has a fifty day simple moving average of $55.19 and a 200-day simple moving average of $43.91. Hut 8 has a 52 week low of $10.04 and a 52 week high of $66.07.

Hedge Funds Weigh In On Hut 8

A number of institutional investors have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. acquired a new stake in shares of Hut 8 during the fourth quarter worth approximately $193,000. T. Rowe Price Investment Management Inc. boosted its stake in Hut 8 by 32.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,836,051 shares of the company’s stock valued at $84,349,000 after acquiring an additional 445,868 shares during the last quarter. Invesco Ltd. grew its holdings in Hut 8 by 6.8% during the 4th quarter. Invesco Ltd. now owns 1,007,988 shares of the company’s stock worth $46,307,000 after acquiring an additional 64,053 shares in the last quarter. Corient Private Wealth LLC acquired a new position in Hut 8 during the 4th quarter worth $203,000. Finally, Beartown Capital Management LLC bought a new stake in shares of Hut 8 in the 4th quarter worth about $11,944,000. 31.75% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Hut 8

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

• Positive Sentiment: Hut 8 reported a Q4 beat with revenue up ~179% year‑over‑year, driven by Compute growth and a strategic pivot toward AI and power‑first infrastructure — this supports higher revenue trajectory and analyst enthusiasm. Zacks: Q4 earnings
• Positive Sentiment: Several brokerages either raised price targets or reaffirmed “buy” ratings — Canaccord to $70, Needham to $66, HC Wainwright reaffirmed at $80, Rosenblatt at $65 — giving upside targets well above current levels and likely supporting buying interest. Benzinga: analyst moves
• Positive Sentiment: Vertiv announced a collaboration with Hut 8 to scale AI data‑center deployments (Vertiv OneCore / digital twin approach), validating Hut 8’s push into AI infrastructure and potential revenue streams beyond pure crypto mining. PR Newswire: Vertiv collaboration
• Neutral Sentiment: Company Q4 2025 earnings call summary is available for detail on operational drivers and management commentary (useful for judging sustainability of Compute/AI momentum). Yahoo Finance: earnings call summary
• Neutral Sentiment: Coverage pieces comparing Hut 8 to peers and discussing valuation/policy tradeoffs have appeared — useful for longer‑term positioning but less likely to move the stock immediately. AAII: investment comparison
• Negative Sentiment: Northland Securities sharply cut EPS estimates across 2026 (Q1–Q4) and slashed FY2026 to ($0.81) from prior positive forecasts — a material downgrade that increases near‑term earnings risk and may have driven some selling/volatility. MarketBeat: analyst estimate changes

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.