Northland Securities Predicts Weaker Earnings for Hut 8

Hut 8 Corp. (NASDAQ:HUT) – Northland Securities cut their Q3 2026 earnings per share estimates for Hut 8 in a research note issued to investors on Tuesday, August 4th. Northland Securities analyst M. Grondahl now anticipates that the company will post earnings per share of ($1.06) 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.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Hut 8 from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Canaccord Genuity Group increased their target price on shares of Hut 8 from $70.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. BTIG Research raised their target price on shares of Hut 8 from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods cut their price target on shares of Hut 8 from $157.00 to $154.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Compass Point set a $195.00 price target on Hut 8 in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $139.15.

Hut 8 Stock Performance

HUT stock opened at $90.65 on Friday. Hut 8 has a one year low of $18.68 and a one year high of $140.80. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of -16.63 and a beta of 4.64. 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 firm has a 50-day simple moving average of $110.57 and a two-hundred day simple moving average of $82.09.

Hut 8 (NASDAQ:HUT) last posted its earnings results 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 company had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $79.37 million. Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. During the same quarter last year, the firm earned $1.18 EPS.

Insider Buying and Selling at Hut 8

In other Hut 8 news, Director Rick Rickertsen sold 17,491 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the sale, the director directly owned 17,491 shares of the company’s stock, valued at approximately $1,924,010. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Semah sold 10,000 shares of Hut 8 stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the transaction, the insider owned 31,378 shares of the company’s stock, valued at $3,922,250. The trade was a 24.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 102,206 shares of company stock valued at $11,376,242. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HUT. Arlington Trust Co LLC lifted its holdings in Hut 8 by 175.0% in the second quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the period. Imprint Wealth LLC purchased a new position in shares of Hut 8 during the 4th quarter valued at approximately $38,000. Russell Investments Group Ltd. lifted its stake 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 valued at $46,000 after purchasing an additional 1,719 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Hut 8 in the 1st quarter valued at $47,000. Finally, Activest Wealth Management purchased a new stake in Hut 8 during the fourth quarter worth $49,000. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Hut 8 News Roundup

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.