Renaissance Technologies LLC bought a new position in shares of Hut 8 Corp. (NASDAQ:HUT – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 481,833 shares of the company’s stock, valued at approximately $22,603,000.
A number of other hedge funds have also added to or reduced their stakes in HUT. Northwestern Mutual Wealth Management Co. lifted its position in Hut 8 by 4,669,387.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after buying an additional 4,062,367 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of Hut 8 in the 4th quarter valued at about $1,153,000. Steadview Capital Management LLC increased its position in shares of Hut 8 by 1,425.3% in the fourth quarter. Steadview Capital Management LLC now owns 431,655 shares of the company’s stock valued at $19,830,000 after acquiring an additional 403,355 shares during the last quarter. GeoSphere Capital Management LLC increased its position in shares of Hut 8 by 64.3% in the fourth quarter. GeoSphere Capital Management LLC now owns 115,000 shares of the company’s stock valued at $5,283,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Thoroughbred Financial Services LLC bought a new stake in Hut 8 during the fourth quarter worth about $741,000. Institutional investors own 31.75% of the company’s stock.
Insiders Place Their Bets
In other Hut 8 news, insider Victor Semah sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the insider owned 31,378 shares of the company’s stock, valued at $3,922,250. This trade represents a 24.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy Marie Wilkinson sold 20,000 shares of Hut 8 stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the transaction, the director directly owned 262,136 shares of the company’s stock, valued at approximately $26,418,066.08. This trade represents a 7.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 112,724 shares of company stock worth $12,184,340 in the last quarter. Insiders own 10.40% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Hut 8
Hut 8 News Summary
Here are the key news stories impacting Hut 8 this week:
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $157 from $138 and maintained an “outperform” rating. The upgrade reflects confidence in Hut 8’s long-term growth prospects, particularly its move toward artificial-intelligence data-center infrastructure. Benzinga analyst price target report
- Positive Sentiment: Financial Times reported that Nvidia may be the undisclosed tenant behind Hut 8’s planned $50 billion Texas data center. Confirmation of a major technology customer could materially strengthen the investment case for Hut 8’s AI data-center strategy, although the report has not been presented as a finalized company announcement. Nvidia Texas data center report
- Neutral Sentiment: Peer Ionic Digital’s strong Nasdaq debut highlighted investor interest in bitcoin miners expanding into AI infrastructure. The performance may support the broader sector narrative, but it does not directly change Hut 8’s financial results. Ionic Digital Nasdaq debut article
- Negative Sentiment: Investors are positioning ahead of Hut 8’s confirmed Aug. 4 earnings release. Analysts expect weaker quarterly results, and the company’s prior report showed a substantial EPS miss despite revenue exceeding estimates. Why Hut 8 stock is falling article
- Negative Sentiment: Zacks said Hut 8 lacks the combination of earnings and revenue trends typically associated with an earnings beat. Maxim Group’s forecasts also point to sizable losses, including estimated FY2026 EPS of $(3.69), versus a consensus loss of approximately $(2.12), increasing concern about near-term profitability. Hut 8 Q2 earnings preview
Hut 8 Price Performance
Shares of NASDAQ HUT opened at $88.18 on Thursday. The business’s 50 day moving average price is $111.75 and its two-hundred day moving average price is $80.30. The company has a market cap of $9.93 billion, a PE ratio of -29.39 and a beta of 4.62. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.12. Hut 8 Corp. has a twelve month low of $18.68 and a twelve month high of $140.80.
Hut 8 (NASDAQ:HUT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. The business had revenue of $139.31 million during the quarter, compared to analyst estimates of $78.53 million. On average, analysts predict that Hut 8 Corp. will post -2.52 EPS for the current year.
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.
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