23,216 Shares in Hut 8 Corp. $HUT Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 23,216 Hut 8 shares during the second quarter, valued at approximately $2.68 million. Hedge funds and institutional investors collectively own 31.75% of the company.
• Hut 8 reported a quarterly loss of $1.27 per share, missing the $0.55 consensus loss estimate, while revenue of $72.66 million also fell short of expectations. Analysts forecast a full-year loss of $2.85 per share.
• Despite recent pressure—with shares opening at $80.86 versus a 52-week high of $140.80—Hut 8 retains a consensus “Buy” rating and an average analyst price target of $144.89.

Landscape Capital Management L.L.C. acquired a new position in shares of Hut 8 Corp. (NASDAQ:HUT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,216 shares of the company's stock, valued at approximately $2,680,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its holdings in shares of Hut 8 by 42.1% in the 2nd quarter. CoreCap Advisors LLC now owns 540 shares of the company's stock worth $62,000 after purchasing an additional 160 shares during the period. Arlington Trust Co LLC raised its holdings in Hut 8 by 175.0% during the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company's stock valued at $32,000 after buying an additional 175 shares during the period. GAMMA Investing LLC raised its holdings in Hut 8 by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock valued at $122,000 after buying an additional 274 shares during the period. CWM LLC lifted its position in Hut 8 by 37.4% in the fourth quarter. CWM LLC now owns 1,106 shares of the company's stock worth $51,000 after buying an additional 301 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hut 8 by 1.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,685 shares of the company's stock worth $996,000 after buying an additional 362 shares during the last quarter. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Hut 8 Price Performance

HUT opened at $80.86 on Friday. The business has a fifty day moving average of $102.73 and a 200 day moving average 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. The company has a quick ratio of 19.35, a current ratio of 19.35 and a debt-to-equity ratio of 4.22. Hut 8 Corp. has a 52-week low of $21.00 and a 52-week high of $140.80.

Hut 8 (NASDAQ:HUT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($1.27) earnings per share 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 business earned $1.18 EPS. As a group, sell-side analysts anticipate that Hut 8 Corp. will post -2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HUT shares. Piper Sandler boosted 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. Wall Street Zen lowered shares of Hut 8 from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. BTIG Research lifted their price target on shares of Hut 8 from $115.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods cut their price target on shares of Hut 8 from $157.00 to $154.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $124.00 price objective on shares of Hut 8 in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hut 8 has an average rating of "Buy" and a consensus target price of $144.89.

Key Headlines 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

Insider Activity

In related news, Director Joseph Flinn sold 30,500 shares of the firm's stock in a transaction dated 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 transaction, the director owned 18,238 shares of the company's stock, valued at $2,119,437.98. This trade represents a 62.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 Hut 8 stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,219 shares of company stock worth $5,704,552 in the last ninety days. 10.40% of the stock is currently owned by insiders.

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.

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