FNY Investment Advisers LLC Buys New Position in Hut 8 Corp. $HUT

FNY Investment Advisers LLC bought a new stake in shares of Hut 8 Corp. (NASDAQ:HUT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,405 shares of the company’s stock, valued at approximately $854,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Hut 8 by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 7,978,357 shares of the company’s stock valued at $366,526,000 after acquiring an additional 250,320 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Hut 8 by 4,669,387.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after purchasing an additional 4,062,367 shares during the period. Ameriprise Financial Inc. raised its holdings in Hut 8 by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock worth $104,133,000 after purchasing an additional 504,652 shares during the period. SRS Investment Management LLC purchased a new position in Hut 8 during the fourth quarter valued at $131,838,000. Finally, Sachem Head Capital Management LP purchased a new position in Hut 8 during the fourth quarter valued at $129,780,000. 31.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HUT has been the subject of a number of analyst reports. Needham & Company LLC reduced their price target on Hut 8 from $145.00 to $138.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of Hut 8 in a research note on Tuesday, April 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $124.00 price objective on shares of Hut 8 in a research report on Wednesday. Northland Securities set a $120.00 price objective on Hut 8 in a research note on Thursday, May 7th. Finally, Morgan Stanley initiated coverage on shares of Hut 8 in a report on Thursday, July 23rd. They issued an “overweight” rating and a $263.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Hut 8 has a consensus rating of “Buy” and a consensus price target of $139.15.

Hut 8 Stock Down 2.3%

HUT opened at $90.65 on Friday. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of -16.63 and a beta of 4.64. The company has a debt-to-equity ratio of 4.22, a quick ratio of 0.86 and a current ratio of 19.35. The firm’s fifty day moving average is $110.57 and its 200 day moving average is $82.09. Hut 8 Corp. has a fifty-two week low of $18.68 and a fifty-two week high of $140.80.

Hut 8 (NASDAQ:HUT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The business had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $79.37 million. Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.During the same quarter in the previous year, the company posted $1.18 EPS. On average, sell-side analysts forecast that Hut 8 Corp. will post -2.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Amy Marie Wilkinson sold 20,000 shares of the stock in a transaction dated 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 completion of the sale, the director owned 262,136 shares in the company, valued at approximately $26,418,066.08. This trade represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Victor Semah sold 10,000 shares of the stock in a transaction dated 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. This represents a 24.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 102,206 shares of company stock worth $11,376,242. 10.40% of the stock is currently owned by insiders.

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 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.