Hut 8 (HUT) Projected to Post Earnings on Wednesday

Hut 8 (NASDAQ:HUT) will likely be posting its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect Hut 8 to post earnings of ($0.28) per share and revenue of $76.8430 million for the quarter. Individuals may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 8:30 AM ET.

Hut 8 Stock Performance

Shares of NASDAQ:HUT traded down $2.05 during midday trading on Wednesday, hitting $70.07. The stock had a trading volume of 573,274 shares, compared to its average volume of 4,896,936. The company has a market capitalization of $7.77 billion, a PE ratio of -30.28 and a beta of 4.38. The stock has a 50 day moving average price of $57.44 and a two-hundred day moving average price of $51.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.12. Hut 8 has a 1 year low of $11.86 and a 1 year high of $83.18.

Insider Transactions at Hut 8

In other Hut 8 news, CFO Sean Joseph Glennan sold 4,625 shares of Hut 8 stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $226,856.25. Following the completion of the transaction, the chief financial officer owned 12,068 shares in the company, valued at approximately $591,935.40. The trade was a 27.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Victor Semah sold 5,498 shares of Hut 8 stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total transaction of $269,676.90. Following the transaction, the insider owned 24,796 shares of the company’s stock, valued at approximately $1,216,243.80. The trade was a 18.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 11.20% of the company’s stock.

Hedge Funds Weigh In On Hut 8

A number of institutional investors have recently modified their holdings of HUT. SRS Investment Management LLC acquired a new position in shares of Hut 8 in the fourth quarter valued at approximately $131,838,000. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 2,269,237 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Hut 8 during the third quarter worth approximately $35,044,000. Value Aligned Research Advisors LLC grew its stake in Hut 8 by 43.1% during the fourth quarter. Value Aligned Research Advisors LLC now owns 2,788,516 shares of the company’s stock worth $128,104,000 after buying an additional 839,521 shares during the period. Finally, Nishkama Capital LLC acquired a new position in shares of Hut 8 in the third quarter worth about $28,137,000. Institutional investors and hedge funds own 31.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Hut 8 from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price objective on shares of Hut 8 in a research note on Thursday, February 26th. Weiss Ratings cut shares of Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Needham & Company LLC raised their price objective on shares of Hut 8 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, B. Riley Financial raised their price objective on shares of Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Sixteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hut 8 has an average rating of “Moderate Buy” and a consensus target price of $76.38.

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.