Hut 8 (HUT) to Release Earnings on Tuesday

Hut 8 (NASDAQ:HUT) is anticipated to post its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect the company to post earnings of ($0.4475) per share and revenue of $80.2230 million for the quarter. Parties are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 8:30 AM ET.

Hut 8 (NASDAQ:HUT) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). The business had revenue of $139.31 million for the quarter, compared to analysts’ expectations of $78.53 million. Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%. On average, analysts expect Hut 8 to post $-2 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Hut 8 Stock Performance

HUT stock traded down $3.05 during trading on Tuesday, reaching $101.54. The company had a trading volume of 2,486,867 shares, compared to its average volume of 4,780,291. The company has a market cap of $11.43 billion, a price-to-earnings ratio of -33.90 and a beta of 4.62. Hut 8 has a twelve month low of $18.68 and a twelve month high of $140.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50-day simple moving average of $111.76 and a 200-day simple moving average of $79.78.

Insider Buying and Selling

In other Hut 8 news, Director Rick Rickertsen sold 17,491 shares of the business’s 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 completion of the transaction, the director directly owned 17,491 shares of the company’s stock, valued at approximately $1,924,010. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy Marie Wilkinson sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the transaction, the director directly owned 262,136 shares of the company’s stock, valued at $26,418,066.08. The trade was a 7.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 112,724 shares of company stock valued at $12,184,340 in the last ninety days. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Hut 8

Several large investors have recently made changes to their positions in the company. Corient Private Wealth LLC purchased a new stake in Hut 8 during the fourth quarter worth $246,000. T. Rowe Price Investment Management Inc. increased its holdings in Hut 8 by 32.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,836,051 shares of the company’s stock valued at $84,349,000 after buying an additional 445,868 shares in the last quarter. Invesco Ltd. increased its holdings in Hut 8 by 6.8% in the fourth quarter. Invesco Ltd. now owns 1,007,988 shares of the company’s stock valued at $46,307,000 after buying an additional 64,053 shares in the last quarter. Beartown Capital Management LLC acquired a new position in shares of Hut 8 in the fourth quarter worth about $11,944,000. Finally, Feynman Point Asset Management LLC acquired a new position in shares of Hut 8 in the fourth quarter worth about $2,044,000. 31.75% of the stock is currently owned by institutional investors and hedge funds.

Hut 8 News Roundup

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

• Positive Sentiment: Hut 8 may benefit from the strong recent performance of crypto- and AI-infrastructure-related stocks, sectors that helped drive gains in leveraged ETFs last week. However, the report is broader market commentary and does not identify a new catalyst specific to Hut 8. 5 Best-Performing Leveraged ETFs of Last Week
• Neutral Sentiment: A separate roundup of artificial-intelligence stocks highlights continued investor interest in the AI theme, which could support sentiment toward Hut 8’s data-center and high-performance-computing ambitions. The article does not report a new Hut 8 contract, project, or financial update. Artificial Intelligence Stocks To Follow Now – July 24th
• Negative Sentiment: Maxim Group’s analyst M. Galinko published a notably bearish earnings outlook for Hut 8, forecasting losses of $3.69 per share in fiscal 2026, $14.81 in fiscal 2027 and $28.97 in fiscal 2028. Quarterly losses are projected to widen from $0.53 per share in Q2 2026 to $5.55 in Q3 2027 and $8.47 in Q2 2028. The 2026 forecast is substantially worse than the current full-year consensus loss of $2.12 per share, raising concerns about profitability and valuation. Hut 8 analyst estimates
• Negative Sentiment: The bearish outlook follows Hut 8’s latest reported quarterly loss, which significantly missed the consensus EPS estimate despite revenue exceeding expectations. Its negative net margin reinforces investor concerns that growth investments have yet to translate into sustainable earnings.

Analysts Set New Price Targets

A number of research firms have issued reports on HUT. Weiss Ratings cut shares of Hut 8 from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Canaccord Genuity Group boosted their price objective on shares of Hut 8 from $70.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Northland Securities set a $120.00 target price on Hut 8 in a research report on Thursday, May 7th. B. Riley Financial raised their target price on Hut 8 from $76.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, BTIG Research lifted their price target on Hut 8 from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Eighteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.10.

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.