Northland Securities Expects Increased Earnings for Hut 8

Key Points

• Northland Securities sharply improved its FY2026 outlook for Hut 8, revising its projected loss to C$0.19 per share from C$3.36. It also forecasts a Q4 2026 loss of C$1.34 per share.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Strong Buy,” with eight Strong Buy, one Buy, and one Hold rating.
• Hut 8 shares opened at C$74.42, well below their 52-week high of C$194.28; institutional investors own 43.1% of the company, and Dockside LLC recently disclosed a new 6,252-share position.

Hut 8 Corp. (TSE:HUT - Free Report) - Stock analysts at Northland Securities raised their FY2026 earnings per share estimates for shares of Hut 8 in a research report issued on Wednesday, November 4th. Northland Securities analyst M. Grondahl now forecasts that the company will earn ($0.19) per share for the year, up from their prior estimate of ($3.36). The consensus estimate for Hut 8's current full-year earnings is $0.56 per share. Northland Securities also issued estimates for Hut 8's Q4 2026 earnings at ($1.34) EPS.

Several other equities research analysts also recently commented on HUT. Roth Capital raised Hut 8 to a "strong-buy" rating in a report on Wednesday, October 7th. UBS Group raised Hut 8 to a "strong-buy" rating in a research note on Wednesday, September 23rd. Freedom Broker raised Hut 8 to a "strong-buy" rating in a research note on Tuesday, August 18th. Maxim Group upgraded Hut 8 to a "strong-buy" rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised shares of Hut 8 to a "strong-buy" rating in a research note on Thursday, September 17th. Eight investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Hut 8 Stock Performance

Shares of TSE HUT opened at C$74.42 on Monday. The company has a quick ratio of 1.25, a current ratio of 9.48 and a debt-to-equity ratio of 16.38. The stock 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's fifty day simple moving average is C$113.66 and its 200 day simple moving average is C$114.46. Hut 8 has a 52-week low of C$44.82 and a 52-week high of C$194.28.

Hedge Funds Weigh In On Hut 8

A hedge fund recently bought a new position in Hut 8 stock. Dockside LLC bought a new stake in shares of Hut 8 Corp. (TSE:HUT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the 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

Hut 8 Company Profile

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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