158,082 Shares in Hut 8 Corp. $HUT Bought by Two Seas Capital LP

Two Seas Capital LP purchased a new stake in shares of Hut 8 Corp. (NASDAQ:HUT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 158,082 shares of the company’s stock, valued at approximately $18,250,000. Hut 8 accounts for approximately 0.4% of Two Seas Capital LP’s portfolio, making the stock its 28th largest holding. Two Seas Capital LP owned approximately 0.13% of Hut 8 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUT. Millennium Management LLC boosted its position in shares of Hut 8 by 11.9% in the first quarter. Millennium Management LLC now owns 330,416 shares of the company’s stock valued at $3,839,000 after acquiring an additional 35,120 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Hut 8 in the second quarter worth $216,000. Russell Investments Group Ltd. increased its position in Hut 8 by 235.8% during the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after acquiring an additional 1,719 shares during the period. New York State Common Retirement Fund increased its position in Hut 8 by 19.9% during the second quarter. New York State Common Retirement Fund now owns 32,540 shares of the company’s stock worth $605,000 after acquiring an additional 5,400 shares during the period. Finally, Invesco Ltd. raised its stake in Hut 8 by 13.2% during the 2nd quarter. Invesco Ltd. now owns 1,067,985 shares of the company’s stock valued at $19,865,000 after purchasing an additional 124,439 shares during the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Hut 8

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

• Positive Sentiment: Analyst upgrade: Freedom Capital upgraded Hut 8 to “strong-buy,” reinforcing the bullish view among some analysts. Zacks.com
• Positive Sentiment: Brokerage support: Hut 8 continues to carry a consensus “Buy” recommendation, which may provide support for the stock following its recent rally. Hut 8 receives consensus Buy recommendation
• Positive Sentiment: AI infrastructure opportunity: Hut 8 was cited as having a reported $19.6 billion Beacon Point backlog. The selling in Hut 8, TeraWulf and IREN was characterized as profit-taking and position unwinding after substantial 2026 gains, rather than evidence of deteriorating contracts or project economics. What is pressuring AI miner stocks
• Neutral Sentiment: Cryptocurrency backdrop: Bitcoin recently rose above $70,000 after President Trump backed the Clarity Act and the Treasury increased buybacks. The rally initially lifted crypto-related equities, but it has not prevented subsequent sector-wide profit-taking. Bitcoin and crypto shares climb after Clarity Act push
• Negative Sentiment: Legal overhang: A federal court approved notice of a proposed class-action settlement involving purchasers of Hut 8 securities. The announcement does not provide settlement terms, but the litigation may remain an investor concern until its financial and procedural implications are clear. Proposed Hut 8 class-action settlement

Hut 8 Price Performance

Shares of Hut 8 stock opened at $80.86 on Friday. Hut 8 Corp. has a twelve month low of $21.00 and a twelve month high of $140.80. The company has a debt-to-equity ratio of 4.22, a quick ratio of 19.35 and a current ratio of 19.35. The firm has a market cap of $9.97 billion, a P/E ratio of -14.84 and a beta of 4.64. The firm’s 50-day simple moving average is $102.73 and its 200-day simple moving average is $83.98.

Hut 8 (NASDAQ:HUT) last announced its quarterly 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 business had revenue of $72.66 million for the quarter, compared to the consensus estimate of $79.37 million. During the same quarter in the prior year, the business earned $1.18 EPS. As a group, research analysts expect that Hut 8 Corp. will post -2.85 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Victor Semah sold 10,000 shares of the business’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 sale, the insider owned 31,378 shares of the company’s stock, valued at $3,922,250. The trade was a 24.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Flinn sold 30,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.21, for a total value of $3,544,405.00. Following the completion of the sale, the director owned 18,238 shares in the company, valued at $2,119,437.98. This trade represents a 62.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 48,219 shares of company stock valued at $5,704,552. 10.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HUT. Weiss Ratings downgraded shares of Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Wall Street Zen downgraded shares of Hut 8 from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Piper Sandler upped their price objective on shares of Hut 8 from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. BTIG Research increased their target price on shares of Hut 8 from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $124.00 target price on shares of Hut 8 in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hut 8 has an average rating of “Buy” and an average target price of $144.89.

About Hut 8

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.