HC Wainwright Estimates Hut 8’s Q1 Earnings (NASDAQ:HUT)

Hut 8 Corp. (NASDAQ:HUT) – Research analysts at HC Wainwright issued their Q1 2026 earnings estimates for Hut 8 in a note issued to investors on Thursday, February 26th. HC Wainwright analyst K. Dede forecasts that the company will post earnings of ($0.27) per share for the quarter. HC Wainwright has a “Buy” rating and a $80.00 price objective on the stock. The consensus estimate for Hut 8’s current full-year earnings is ($0.53) per share. HC Wainwright also issued estimates for Hut 8’s Q2 2026 earnings at ($0.25) EPS, Q3 2026 earnings at ($0.21) EPS, Q4 2026 earnings at ($0.18) EPS and FY2026 earnings at ($0.91) EPS.

HUT has been the topic of several other reports. Northland Securities set a $58.00 price target on shares of Hut 8 in a report on Wednesday, November 5th. Benchmark reissued a “buy” rating on shares of Hut 8 in a research report on Wednesday, December 17th. Needham & Company LLC upped their target price on Hut 8 from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen downgraded Hut 8 from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Roth Mkm restated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $65.56.

Hut 8 Stock Down 2.9%

Shares of Hut 8 stock opened at $53.23 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $5.90 billion, a P/E ratio of -22.94 and a beta of 4.42. The firm’s 50 day moving average price is $55.19 and its 200-day moving average price is $44.22. Hut 8 has a 52-week low of $10.04 and a 52-week high of $66.07.

Institutional Investors Weigh In On Hut 8

Large investors have recently bought and sold shares of the company. Mcguire Capital Advisors Inc. purchased a new position in Hut 8 during the 4th quarter worth approximately $193,000. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 worth $84,349,000 after acquiring an additional 445,868 shares during the period. Invesco Ltd. raised its holdings in shares of Hut 8 by 6.8% during the fourth quarter. Invesco Ltd. now owns 1,007,988 shares of the company’s stock worth $46,307,000 after purchasing an additional 64,053 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Hut 8 during the fourth quarter worth $203,000. Finally, Beartown Capital Management LLC acquired a new position in Hut 8 during the fourth quarter valued at $11,944,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Key Stories Impacting Hut 8

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

• Positive Sentiment: Hut 8 reported a Q4 beat with revenue up ~179% year‑over‑year, driven by Compute growth and a strategic pivot toward AI and power‑first infrastructure — this supports higher revenue trajectory and analyst enthusiasm. Zacks: Q4 earnings
• Positive Sentiment: Several brokerages either raised price targets or reaffirmed “buy” ratings — Canaccord to $70, Needham to $66, HC Wainwright reaffirmed at $80, Rosenblatt at $65 — giving upside targets well above current levels and likely supporting buying interest. Benzinga: analyst moves
• Positive Sentiment: Vertiv announced a collaboration with Hut 8 to scale AI data‑center deployments (Vertiv OneCore / digital twin approach), validating Hut 8’s push into AI infrastructure and potential revenue streams beyond pure crypto mining. PR Newswire: Vertiv collaboration
• Neutral Sentiment: Company Q4 2025 earnings call summary is available for detail on operational drivers and management commentary (useful for judging sustainability of Compute/AI momentum). Yahoo Finance: earnings call summary
• Neutral Sentiment: Coverage pieces comparing Hut 8 to peers and discussing valuation/policy tradeoffs have appeared — useful for longer‑term positioning but less likely to move the stock immediately. AAII: investment comparison
• Negative Sentiment: Northland Securities sharply cut EPS estimates across 2026 (Q1–Q4) and slashed FY2026 to ($0.81) from prior positive forecasts — a material downgrade that increases near‑term earnings risk and may have driven some selling/volatility. MarketBeat: analyst estimate changes

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.