FNY Investment Advisers LLC Purchases Shares of 7,405 Hut 8 Corp. $HUT

FNY Investment Advisers LLC purchased a new position in Hut 8 Corp. (NASDAQ:HUT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,405 shares of the company’s stock, valued at approximately $854,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Hut 8 by 4,669,387.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock valued at $186,629,000 after purchasing an additional 4,062,367 shares in the last quarter. SRS Investment Management LLC bought a new stake in shares of Hut 8 in the fourth quarter worth about $131,838,000. Sachem Head Capital Management LP purchased a new stake in shares of Hut 8 in the fourth quarter worth about $129,780,000. Ameriprise Financial Inc. lifted its position in shares of Hut 8 by 1,043.0% in the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock worth $46,255,000 after buying an additional 2,269,237 shares in the last quarter. Finally, Oasis Management Co Ltd. boosted its stake in Hut 8 by 231.5% during the fourth quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company’s stock valued at $106,015,000 after buying an additional 1,611,653 shares during the last quarter. Institutional investors own 31.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy Marie Wilkinson sold 20,000 shares of the 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 sale, the director owned 262,136 shares in the company, valued at approximately $26,418,066.08. This represents a 7.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,250,000.00. Following the completion of the sale, the insider owned 31,378 shares of the company’s stock, valued at approximately $3,922,250. This represents a 24.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,206 shares of company stock worth $11,376,242 in the last 90 days. Company insiders own 10.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HUT. Needham & Company LLC cut their price target on Hut 8 from $145.00 to $138.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings raised Hut 8 from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. Benchmark increased their target price on Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. B. Riley Financial raised their target price on shares of Hut 8 from $130.00 to $163.00 and gave the company a “buy” rating in a report on Monday. Finally, Compass Point set a $195.00 price target on shares of Hut 8 in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $139.15.

Hut 8 Stock Down 2.3%

Shares of NASDAQ:HUT opened at $90.65 on Friday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -16.63 and a beta of 4.64. Hut 8 Corp. has a 12 month low of $18.68 and a 12 month high of $140.80. The company has a current ratio of 19.35, a quick ratio of 0.86 and a debt-to-equity ratio of 4.22. The company has a 50-day moving average price of $110.57 and a 200 day moving average price of $82.09.

Hut 8 (NASDAQ:HUT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $72.66 million for the quarter, compared to the consensus estimate of $79.37 million. During the same period in the previous year, the firm earned $1.18 earnings per share. As a group, equities research analysts predict that Hut 8 Corp. will post -2.16 earnings per share for the current year.

Key Stories Impacting Hut 8

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

• Positive Sentiment: Analyst upgrades and bullish targets: Maxim Group upgraded Hut 8 to “strong buy.” Keefe, Bruyette & Woods maintained an “outperform” rating and set a $154 price target, despite trimming it from $157. These targets imply substantial potential upside if the AI infrastructure strategy succeeds. Benzinga analyst rating report
• Positive Sentiment: AI infrastructure pivot is attracting investor interest: Hut 8 is repositioning itself as a power-focused AI data-center platform, seeking longer-term contracted cash flows rather than relying primarily on bitcoin prices. The company has also outlined an 8.7-gigawatt development pipeline, while its Beacon Point lease is projected to have $9.8 billion of base-term value. Why Hut 8 Is Up After Pivoting Toward AI Data Center Infrastructure Hut 8 outlines 8.7 GW pipeline
• Positive Sentiment: Financing could support expansion: Hut 8 reportedly secured $7.5 billion in non-recourse, investment-grade project financing, potentially enabling large campus construction without equity dilution or additional parent-level debt. Adjusted EBITDA improved and gross margin expanded to 64%, according to one analysis. Hut 8 Q2 2026 analysis
• Neutral Sentiment: Options activity increased: Traders purchased a high volume of HUT call options, signaling speculative bullish positioning, though options activity does not necessarily indicate durable institutional confidence. Hut 8 call options activity
• Negative Sentiment: Earnings missed expectations: Hut 8 reported a quarterly loss of $1.27 per share versus the expected $0.55 loss, while revenue of $72.66 million fell short of the $79.37 million consensus. The company also posted a deeply negative net margin, with bitcoin mark-to-market volatility contributing to the weak GAAP results. The earnings disappointment has driven the recent decline and remains the main near-term risk. Hut 8 stock falls on disappointing earnings

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.