Maxim Group Has Bullish Forecast for Hut 8 FY2026 Earnings

Hut 8 Corp. (NASDAQ:HUT) – Analysts at Maxim Group upped their FY2026 earnings per share (EPS) estimates for Hut 8 in a research note issued to investors on Thursday, November 5th. Maxim Group analyst A. Klee now expects that the company will post earnings of ($0.81) per share for the year, up from their previous forecast of ($3.86). Maxim Group currently has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($1.33) per share. Maxim Group also issued estimates for Hut 8’s Q4 2026 earnings at ($1.43) EPS, Q1 2027 earnings at ($1.50) EPS, Q2 2027 earnings at ($2.80) EPS, Q3 2027 earnings at ($5.32) EPS, Q4 2027 earnings at ($4.65) EPS, FY2027 earnings at ($14.27) EPS, Q1 2028 earnings at ($4.39) EPS, Q2 2028 earnings at ($7.73) EPS, Q3 2028 earnings at ($7.24) EPS and FY2028 earnings at ($26.24) EPS.

Other equities analysts have also issued reports about the company. Piper Sandler reduced their target price on Hut 8 from $143.00 to $123.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. B. Riley Financial reiterated a “buy” rating and set a $132.00 price target (down from $134.00) on shares of Hut 8 in a report on Friday. UBS Group reissued a “buy” rating on shares of Hut 8 in a research report on Thursday, October 8th. Freedom Capital upgraded Hut 8 to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Wells Fargo & Company decreased their target price on Hut 8 from $175.00 to $148.00 and set an “overweight” rating for the company in a research report on Thursday, November 5th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $137.45.

Hut 8 Stock Up 8.3%

Shares of HUT stock opened at $57.02 on Monday. The company has a quick ratio of 19.35, a current ratio of 19.35 and a debt-to-equity ratio of 4.22. Hut 8 has a 52-week low of $31.67 and a 52-week high of $140.80. The company has a 50-day simple moving average of $80.49 and a two-hundred day simple moving average of $82.17.

Hut 8 (NASDAQ:HUT) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $1.70. The business had revenue of $71.07 million during the quarter, compared to the consensus estimate of $75.78 million. Hut 8 had a negative return on equity of 9.99% and a negative net margin of 169.76%.

Insider Buying and Selling

In other news, Director Mayo Shattuck, III sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the director owned 89,408 shares in the company, valued at $8,940,800. This trade represents a 18.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sean Glennan sold 6,445 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $78.76, for a total transaction of $507,608.20. Following the sale, the chief financial officer owned 17,978 shares of the company’s stock, valued at approximately $1,415,947.28. The trade was a 26.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 10.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hut 8

Institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System increased its position in Hut 8 by 0.5% in the second quarter. Arizona State Retirement System now owns 27,320 shares of the company’s stock worth $3,154,000 after buying an additional 125 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Hut 8 by 42.1% in the second quarter. CoreCap Advisors LLC now owns 540 shares of the company’s stock valued at $62,000 after buying an additional 160 shares during the period. Arlington Trust Co LLC lifted its position in shares of Hut 8 by 175.0% during the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Allworth Financial LP lifted its position in shares of Hut 8 by 18.5% during the 2nd quarter. Allworth Financial LP now owns 1,364 shares of the company’s stock valued at $157,000 after buying an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Hut 8 by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock valued at $122,000 after buying an additional 274 shares during the last quarter. 31.75% of the stock is owned by institutional investors.

Hut 8 News Roundup

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

• Positive Sentiment: Hut 8’s reported $26.6 billion AI pipeline helped support a rebound after an earnings-related selloff, reinforcing hopes that AI data-center demand can become a significant growth driver. Hut 8 Stock Rebounds as AI Pipeline Hits $26.6B
• Positive Sentiment: Northland Securities raised its earnings estimates for Hut 8, a potentially supportive sign that its outlook is improving. Northland Securities Boosts Earnings Estimates for Hut 8
• Positive Sentiment: Management highlighted AI growth prospects and liquidity on its Q3 earnings call, which may reassure investors about the company’s ability to fund its plans. Hut 8 Earnings Call Highlights AI Growth and Liquidity
• Neutral Sentiment: Morgan Stanley cut its Hut 8 price target from $275 to $184 but maintained an “overweight” rating. The retained bullish rating is offset by the substantial target reduction. Morgan Stanley Stock Recommendations
• Neutral Sentiment: Bitcoin mining difficulty is forecast to fall 6.4%. This could affect mining economics, but the report does not establish a direct company-specific impact for Hut 8. Bitcoin Mining Difficulty Is Set for a 6.4% Drop
• Negative Sentiment: Broader concerns about a possible slowdown in AI data-center expansion—including another operator’s delayed revenue target—could weigh on sentiment toward Hut 8’s AI growth plans. Is America’s AI Data Center Boom About to Hit a Brick Wall?

Hut 8 Company Profile

Hut 8 is a North American energy and digital infrastructure company whose businesses include Bitcoin mining, data centers and computing services. It develops and operates facilities that support digital asset mining and other high-performance computing workloads.

The company’s services include infrastructure and managed services for Bitcoin mining, as well as data center capacity and computing solutions. Hut 8 also works on developing and operating energy infrastructure to support its facilities.

Hut 8 Corp was formed in 2023 through the merger of Canadian Bitcoin miner Hut 8 Mining Corp.