Strs Ohio Purchases 18,400 Shares of Hut 8 Corp. $HUT

Key Points

• Strs Ohio boosted its stake in Hut 8 by 278.8%, buying 18,400 shares to hold 25,000 shares worth about $1,148,000 at the end of the quarter, with institutional investors owning 31.75% of the stock.
• Hut 8 secured a 15‑year, triple‑net, take‑or‑pay lease for 352 MW at Beacon Point (base‑term contract value of $9.8 billion) and closed $3.25 billion of senior secured financing for its River Bend campus, prompting analyst price‑target upgrades and a roughly 35% stock gain.
• Insiders sold 20,641 shares (≈$1.3 million) in the last quarter — including CFO Sean Glennan and Victor Semah (the latter under a Rule 10b5‑1 plan) — leaving insiders with about 11.20% ownership.

Strs Ohio increased its position in Hut 8 Corp. (NASDAQ:HUT - Free Report) by 278.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,000 shares of the company's stock after buying an additional 18,400 shares during the period. Strs Ohio's holdings in Hut 8 were worth $1,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUT. GAMMA Investing LLC bought a new stake in Hut 8 in the fourth quarter worth approximately $30,000. Russell Investments Group Ltd. raised 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 valued at $46,000 after purchasing an additional 1,719 shares in the last quarter. Activest Wealth Management bought a new position in shares of Hut 8 during the 4th quarter valued at $49,000. Danske Bank A S acquired a new stake in shares of Hut 8 in the 4th quarter valued at $51,000. Finally, CWM LLC boosted its holdings 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 purchasing an additional 301 shares in the last quarter. Institutional investors own 31.75% of the company's stock.

Trending Headlines about Hut 8

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

• Positive Sentiment: Signed a 15‑year, triple‑net, take‑or‑pay lease for 352 MW at the Beacon Point (Texas) campus with a high investment‑grade tenant — a base‑term contract value of $9.8 billion that expands Hut 8’s contracted AI capacity and validates its power‑first development model. Beacon Point Lease
• Positive Sentiment: Closed $3.25 billion of fully amortizing, 16.5‑year investment‑grade senior secured notes (≈95% loan‑to‑cost) to finance the River Bend campus — non‑dilutive, non‑recourse project financing that de‑risks growth and supports delivery of additional AI capacity. Quarterly Results & Financing
• Positive Sentiment: Wall Street responded: BTIG and Piper Sandler raised price targets and reiterated buy/overweight views, signaling analyst conviction after the lease and financing announcements. Analyst Coverage
• Neutral Sentiment: Secured a $200M, 364‑day bitcoin‑backed credit facility with FalconX at a 7% rate, replacing prior financing and improving short‑term liquidity and BTC access. FalconX Facility
• Neutral Sentiment: Q1 results were mixed: the company reported higher revenue (reflecting early commercialization and data‑center activity) but showed a quarterly EPS shortfall on certain metrics; investors are focusing on the pipeline and contract backlog rather than near‑term EPS. Q1 Results
• Negative Sentiment: Insider sold 10,518 shares under a pre‑arranged Rule 10b5‑1 plan to cover tax obligations — disclosed selling can be interpreted negatively by some investors even though it was routine/plan‑based. Insider Sale Filing

Analyst Ratings Changes

Several equities analysts have commented on HUT shares. Piper Sandler raised their target price on Hut 8 from $93.00 to $127.00 and gave the company an "overweight" rating in a report on Wednesday. Rosenblatt Securities reiterated a "buy" rating and set a $65.00 price target on shares of Hut 8 in a research note on Thursday, February 26th. Weiss Ratings lowered Hut 8 from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 2nd. Arete Research started coverage on Hut 8 in a research note on Monday, March 23rd. They issued a "buy" rating and a $136.00 price objective on the stock. Finally, Roth Mkm restated a "buy" rating and issued a $80.00 target price on shares of Hut 8 in a report on Tuesday, January 27th. Sixteen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.06.

Hut 8 Stock Up 35.3%

Hut 8 stock opened at $108.94 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.09 and a quick ratio of 1.09. Hut 8 Corp. has a fifty-two week low of $12.45 and a fifty-two week high of $111.33. The firm has a fifty day moving average price of $59.84 and a two-hundred day moving average price of $52.89. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of -46.96 and a beta of 4.48.

Insider Transactions at Hut 8

In other news, CFO Sean Joseph Glennan sold 4,625 shares of Hut 8 stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total value of $226,856.25. Following the transaction, the chief financial officer directly owned 12,068 shares in the company, valued at approximately $591,935.40. The trade was a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victor Semah sold 10,518 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $76.83, for a total value of $808,097.94. Following the transaction, the insider directly owned 41,378 shares of the company's stock, valued at $3,179,071.74. This represents a 20.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 20,641 shares of company stock worth $1,304,631 over the last quarter. 11.20% of the stock is currently owned by corporate insiders.

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.

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