Landscape Capital Management L.L.C. Invests $2.68 Million in Hut 8 Corp. $HUT

Landscape Capital Management L.L.C. purchased a new position in shares of Hut 8 Corp. (NASDAQ:HUT) during the second quarter, Holdings Channel reports. The institutional investor purchased 23,216 shares of the company’s stock, valued at approximately $2,680,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Hut 8 in the second quarter valued at about $1,093,294,000. Northwestern Mutual Wealth Management Co. grew its holdings in Hut 8 by 4,669,387.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after acquiring an additional 4,062,367 shares in the last quarter. SRS Investment Management LLC purchased a new position in Hut 8 during the 4th quarter valued at about $131,838,000. Sachem Head Capital Management LP purchased a new position in Hut 8 during the 4th quarter valued at about $129,780,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Hut 8 by 1,043.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock valued at $46,255,000 after purchasing an additional 2,269,237 shares in the last quarter. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Insider Activity at Hut 8

In related news, Director Joseph Flinn sold 30,500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $116.21, for a total transaction of $3,544,405.00. Following the transaction, 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 position. The sale 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 business’s 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 transaction, the insider owned 31,378 shares in the company, valued at approximately $3,922,250. This trade represents a 24.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 48,219 shares of company stock valued at $5,704,552. 10.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HUT has been the subject of several research reports. Jefferies Financial Group began coverage on shares of Hut 8 in a research report on Thursday, May 14th. They issued a “buy” rating and a $156.00 price target for the company. Benchmark lifted their price objective on shares of Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. BTIG Research boosted their price objective 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. Maxim Group upgraded Hut 8 to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings cut Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $144.89.

Hut 8 Stock Performance

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

Hut 8 (NASDAQ:HUT) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72). Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. The firm had revenue of $72.66 million for the quarter, compared to analysts’ expectations of $79.37 million. During the same period in the previous year, the company posted $1.18 earnings per share. Research analysts expect that Hut 8 Corp. will post -2.85 EPS for the current fiscal year.

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

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.