Hut 8 (TSE:HUT) Trading Down 11.3% – Time to Sell?

Posted by Max Byerly on Aug 21st, 2026

Hut 8 Corp. (TSE:HUT – Get Free Report) shares fell 11.3% during mid-day trading on Friday . The company traded as low as C$106.81 and last traded at C$108.60. Approximately 541,875 shares traded hands during trading, a decline of 35% from the average daily volume of 833,248 shares. The stock had previously closed at C$122.49.

Analyst Ratings Changes

A number of analysts have recently commented on HUT shares. Freedom Capital raised Hut 8 to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group raised shares of Hut 8 to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Maxim Group upgraded shares of Hut 8 to a “strong-buy” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

View Our Latest Stock Report on Hut 8

Hut 8 Stock Down 10.5%

The firm has a market capitalization of C$12.35 billion, a P/E ratio of -20.31 and a beta of 4.58. The company has a debt-to-equity ratio of 30.65, a quick ratio of 1.25 and a current ratio of 0.86. The firm’s 50-day moving average is C$145.79 and its 200 day moving average is C$116.83.

Institutional Investors Weigh In On Hut 8

A hedge fund recently bought a new position in Hut 8 stock. Dockside LLC bought a new stake in Hut 8 Corp. (TSE:HUT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,252 shares of the company’s stock, valued at approximately $722,000. 38.88% of the stock is owned by hedge funds and other institutional investors.

Hut 8 Company Profile

(Get Free Report)

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.