Maxim Group Has Positive Opinion of Hut 8 FY2026 Earnings

Key Points

• Maxim Group cut its projected FY2026 loss for Hut 8 to $1.18 per share from $5.66 and maintained its “Strong Buy” rating.
• Analyst sentiment is broadly positive: eight analysts rate the stock “Strong Buy,” one “Buy” and one “Hold,” giving Hut 8 a consensus “Strong Buy” rating.
• Despite the improved estimates, Maxim still forecasts substantial losses in later years, including $19.94 per share for FY2027 and $36.66 for FY2028.

Hut 8 Corp. (TSE:HUT - Free Report) - Analysts at Maxim Group increased their FY2026 earnings per share (EPS) estimates for Hut 8 in a research note issued on Thursday, November 5th. Maxim Group analyst A. Klee now forecasts that the company will earn ($1.18) per share for the year, up from their previous forecast of ($5.66). Maxim Group currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is $0.56 per share. Maxim Group also issued estimates for Hut 8's Q4 2026 earnings at ($2.00) EPS, Q1 2027 earnings at ($2.10) EPS, Q2 2027 earnings at ($3.91) EPS, Q3 2027 earnings at ($7.43) EPS, Q4 2027 earnings at ($6.50) EPS, FY2027 earnings at ($19.94) EPS, Q1 2028 earnings at ($6.13) EPS, Q2 2028 earnings at ($10.80) EPS, Q3 2028 earnings at ($10.11) EPS and FY2028 earnings at ($36.66) EPS.

HUT has been the subject of a number of other research reports. Rothschild & Co Redburn upgraded shares of Hut 8 to a "hold" rating in a report on Monday, September 21st. Freedom Capital upgraded Hut 8 to a "strong-buy" rating in a research report on Tuesday, August 18th. Roth Capital raised Hut 8 to a "strong-buy" rating in a report on Wednesday, October 7th. Freedom Broker raised Hut 8 to a "strong-buy" rating in a report on Tuesday, August 18th. Finally, UBS Group raised Hut 8 to a "strong-buy" rating in a report on Wednesday, September 23rd. Eight analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hut 8 presently has a consensus rating of "Strong Buy".

Hut 8 Stock Performance

Shares of HUT opened at C$74.42 on Monday. Hut 8 has a 12 month low of C$44.82 and a 12 month high of C$194.28. The company has a market capitalization of C$8.93 billion, a price-to-earnings ratio of -15.87 and a beta of 4.58. The stock has a 50 day moving average of C$113.66 and a 200 day moving average of C$114.46. The company has a current ratio of 9.48, a quick ratio of 1.25 and a debt-to-equity ratio of 16.38.

Hedge Funds Weigh In On Hut 8

A hedge fund recently bought a new position in Hut 8 stock. Dockside LLC bought a new position in Hut 8 Corp. (TSE:HUT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,252 shares of the company's stock, valued at approximately $722,000. Hedge funds and other institutional investors own 43.10% of the company's stock.

More Hut 8 News

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

• Positive Sentiment: Maxim Group revised its earnings estimates upward—meaning projected losses are now less severe—across several periods. Its FY2026 loss estimate improved to $1.18 per share from $5.66, FY2027 to $19.94 from $21.05, and FY2028 to $36.66 from $40.08. Maxim maintained its “Strong-Buy” rating. MarketBeat Hut 8 coverage
• Positive Sentiment: Northland Securities also improved its outlook for FY2026, revising its estimated loss to $0.19 per share from $3.36, and its Q4 2026 loss estimate to $1.34 from $1.40. MarketBeat Hut 8 coverage
• Negative Sentiment: Despite the improved estimates, Maxim still projects sizeable losses for 2027 and 2028, including a $36.66-per-share loss for FY2028. Those forecasts temper the positive impact of the revisions. MarketBeat Hut 8 coverage

About Hut 8

Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.

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