Hut 8 (NASDAQ:HUT) Stock Sees Unusually High Call Option Buying

Posted by George Bondi on Oct 8th, 2026

Hut 8 Corp. (NASDAQ:HUT – Get Free Report) was the recipient of unusually large options trading on Thursday. Traders purchased 36,529 call options on the stock. This is an increase of approximately 78% compared to the average volume of 20,574 call options.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Hut 8 in the 2nd quarter valued at $1,093,294,000. Sachem Head Capital Management LP acquired a new stake in shares of Hut 8 in the 4th quarter worth $129,780,000. Oasis Management Co Ltd. boosted its holdings in shares of Hut 8 by 231.5% in the fourth quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company’s stock valued at $106,015,000 after acquiring an additional 1,611,653 shares in the last quarter. Avala Global LP acquired a new position in shares of Hut 8 during the second quarter worth about $144,602,000. Finally, Wellington Management Group LLP acquired a new position in shares of Hut 8 during the second quarter worth about $97,949,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Analysts Set New Price Targets

HUT has been the topic of several recent research reports. Loop Capital set a $226.00 target price on shares of Hut 8 in a research note on Monday, June 22nd. Piper Sandler boosted their price target on shares of Hut 8 from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Maxim Group raised Hut 8 to a “strong-buy” rating in a research report on Wednesday, August 5th. Benchmark increased their price objective on Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Freedom Broker upgraded Hut 8 to a “strong-buy” rating in a report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $145.23.

View Our Latest Research Report on HUT

Hut 8 Stock Down 10.7%

Shares of HUT traded down $9.54 during midday trading on Thursday, reaching $79.75. The stock had a trading volume of 4,006,976 shares, compared to its average volume of 4,809,281. The company has a market cap of $9.83 billion, a price-to-earnings ratio of -14.63 and a beta of 4.62. The company’s fifty day simple moving average is $91.11 and its two-hundred day simple moving average is $93.14. Hut 8 has a 1-year low of $31.67 and a 1-year high of $140.80. The company has a debt-to-equity ratio of 4.22, a current ratio of 19.35 and a quick ratio of 19.35.

Hut 8 (NASDAQ:HUT – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.The firm had revenue of $74.93 million for the quarter, compared to analyst estimates of $79.37 million. During the same quarter in the previous year, the firm posted $1.18 EPS. Equities research analysts expect that Hut 8 will post -2.98 earnings per share for the current year.

Hut 8 Company Profile

(Get Free Report)

Hut 8 Corp. (NASDAQ: HUT) is a North American energy infrastructure and digital asset mining company. Its operations include cryptocurrency mining, with a primary focus on Bitcoin, as well as the development and management of data center infrastructure supported by its energy resources.

The company owns and operates mining and data center facilities in the United States and Canada. In addition to self-mining digital assets, Hut 8 has pursued opportunities in high-performance computing and artificial intelligence infrastructure, using its power capacity, data center sites and related development capabilities to support evolving computing demand.

Hut 8 was originally established as Hut 8 Mining Corp., a Canadian cryptocurrency mining company.