Two Seas Capital LP Makes New $18.25 Million Investment in Hut 8 Corp. $HUT

Two Seas Capital LP acquired a new position in shares of Hut 8 Corp. (NASDAQ:HUT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 158,082 shares of the company’s stock, valued at approximately $18,250,000. Hut 8 makes up 0.4% of Two Seas Capital LP’s holdings, making the stock its 28th largest position.

Other institutional investors also recently modified their holdings of the company. Arlington Trust Co LLC boosted its holdings in shares of Hut 8 by 175.0% in the 2nd quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Imprint Wealth LLC acquired a new stake in Hut 8 during the 4th quarter valued at $38,000. Russell Investments Group Ltd. raised its position in Hut 8 by 235.8% in 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 during the last quarter. Harbor Investment Advisory LLC bought a new position in Hut 8 in the 1st quarter valued at $47,000. Finally, Activest Wealth Management acquired a new position in Hut 8 in the fourth quarter worth $49,000. Institutional investors own 31.75% of the company’s stock.

Insider Buying and Selling

In other Hut 8 news, insider Victor Semah sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the transaction, the insider directly owned 31,378 shares of the company’s stock, valued at approximately $3,922,250. This trade represents a 24.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Flinn sold 7,719 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $117.91, for a total transaction of $910,147.29. Following the completion of the transaction, the director directly owned 10,519 shares in the company, valued at approximately $1,240,295.29. The trade was a 42.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 48,219 shares of company stock valued at $5,704,552. 10.40% of the stock is currently owned by insiders.

Hut 8 Stock Performance

Shares of NASDAQ:HUT opened at $80.86 on Friday. The stock has a market capitalization of $9.97 billion, a P/E ratio of -14.84 and a beta of 4.64. Hut 8 Corp. has a 1-year low of $21.00 and a 1-year high of $140.80. The company has a current ratio of 19.35, a quick ratio of 19.35 and a debt-to-equity ratio of 4.22. The business has a 50-day moving average price of $102.73 and a two-hundred day moving average price of $83.98.

Hut 8 (NASDAQ:HUT) last released its earnings results on Wednesday, August 5th. 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 for 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 in the previous year, the company posted $1.18 earnings per share. Equities analysts predict that Hut 8 Corp. will post -2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUT. Northland Securities set a $120.00 target price on Hut 8 in a report on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $124.00 price target on shares of Hut 8 in a report on Wednesday, August 5th. Maxim Group upgraded shares of Hut 8 to a “strong-buy” rating in a research report on Wednesday, August 5th. B. Riley Financial increased their price objective on shares of Hut 8 from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, BTIG Research boosted their target price 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. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $144.89.

Key Hut 8 News

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

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.