Wealth High Governance Capital Ltda Invests $12.75 Million in Hut 8 Corp. $HUT

Wealth High Governance Capital Ltda purchased a new position in Hut 8 Corp. (NASDAQ:HUT) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 110,463 shares of the company’s stock, valued at approximately $12,752,000. Hut 8 comprises approximately 3.8% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 9th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arlington Trust Co LLC increased 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 worth $32,000 after purchasing an additional 175 shares during the last quarter. Imprint Wealth LLC acquired a new stake in shares of Hut 8 during the fourth quarter worth approximately $38,000. Russell Investments Group Ltd. increased its stake in shares of Hut 8 by 235.8% in the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after buying an additional 1,719 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in Hut 8 in the first quarter valued at $47,000. Finally, Activest Wealth Management acquired a new stake in Hut 8 in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Insider Activity

In other Hut 8 news, insider Victor Semah sold 10,000 shares of the business’s 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 completion of the transaction, the insider directly owned 31,378 shares of the company’s stock, valued at $3,922,250. The trade was a 24.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Flinn sold 7,719 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $117.91, for a total transaction of $910,147.29. Following the completion of the transaction, the director owned 10,519 shares of the company’s stock, valued at approximately $1,240,295.29. This trade represents a 42.32% decrease in their position. 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 quarter, insiders sold 48,219 shares of company stock worth $5,704,552. 10.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

HUT has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Hut 8 from $157.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Compass Point set a $195.00 price objective on Hut 8 in a research note on Wednesday, July 22nd. Weiss Ratings cut Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Citizens Jmp increased their target price on Hut 8 from $100.00 to $140.00 and gave the stock a “market outperform” rating in a report on Thursday, May 7th. Finally, Piper Sandler lifted their target price on Hut 8 from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Two research 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’s stock. According to MarketBeat, Hut 8 has a consensus rating of “Buy” and a consensus price target of $144.89.

Trending Headlines about 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

Hut 8 Price Performance

Shares of HUT opened at $80.86 on Monday. The company has a market cap of $9.97 billion, a P/E ratio of -14.84 and a beta of 4.64. The stock has a fifty day moving average price of $102.73 and a 200 day moving average price of $84.18. The company has a debt-to-equity ratio of 4.22, a current ratio of 19.35 and a quick ratio of 19.35. Hut 8 Corp. has a 12 month low of $21.00 and a 12 month high of $140.80.

Hut 8 (NASDAQ:HUT) last posted 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 company had revenue of $72.66 million during the quarter, compared to the consensus estimate 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 business posted $1.18 earnings per share. On average, research analysts forecast that Hut 8 Corp. will post -2.85 earnings per share for the current year.

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.