Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Position in Hut 8 Corp. $HUT

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Hut 8 Corp. (NASDAQ:HUT) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 23,389 shares of the company’s stock, valued at approximately $2,700,000.

A number of other large investors also recently bought and sold shares of HUT. Arlington Trust Co LLC raised its stake in shares of Hut 8 by 175.0% during the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the period. Imprint Wealth LLC purchased a new position in shares of Hut 8 in the fourth quarter worth about $38,000. Russell Investments Group Ltd. boosted its holdings in shares of Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after purchasing an additional 1,719 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in Hut 8 during the first quarter worth approximately $47,000. Finally, Activest Wealth Management acquired a new position in shares of Hut 8 during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hut 8 Stock Down 8.8%

Shares of NASDAQ:HUT opened at $80.86 on Friday. 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 Corp. has a 1-year low of $21.00 and a 1-year high of $140.80. The firm has a fifty day moving average price of $102.73 and a 200 day moving average price of $83.98. The stock has a market cap of $9.97 billion, a P/E ratio of -14.84 and a beta of 4.64.

Hut 8 (NASDAQ:HUT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.72). The company had revenue of $72.66 million during the quarter, compared to analyst estimates of $79.37 million. Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. During the same quarter last year, the firm earned $1.18 EPS. Sell-side analysts predict that Hut 8 Corp. will post -2.85 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on HUT shares. Maxim Group upgraded Hut 8 to a “strong-buy” rating in a report on Wednesday, August 5th. Loop Capital set a $226.00 price target on shares of Hut 8 in a research report on Monday, June 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $124.00 target price on shares of Hut 8 in a report on Wednesday, August 5th. Citigroup reiterated an “outperform” rating on shares of Hut 8 in a research note on Tuesday, April 28th. Finally, BTIG Research upped their price objective on Hut 8 from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hut 8 currently has a consensus rating of “Buy” and an average price target of $144.89.

Hut 8 News Summary

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

Insider Transactions at Hut 8

In related news, Director Joseph Flinn sold 30,500 shares of Hut 8 stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $116.21, for a total value of $3,544,405.00. Following the sale, the director directly owned 18,238 shares in the company, valued at $2,119,437.98. The trade was a 62.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Victor Semah sold 10,000 shares of the 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 transaction, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 48,219 shares of company stock worth $5,704,552. Company insiders own 10.40% of the company’s stock.

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.