Hut 8 (HUT) reported second-quarter 2026 revenue of $74.9 million, up from $41.3 million in the prior-year period. The company posted a net loss of $177.1 million, compared with net income of $137.5 million a year earlier.
Hut 8 said it has 949 MW of contracted AI data center capacity, approximately $26.6 billion of expected aggregate base-term contract value, more than $1.75 billion of expected average annual NOI, and $7.5 billion of investment-grade project financing secured to date.
- Power revenue was $1.2 million, Digital Infrastructure revenue was $1.3 million, and Compute revenue was $72.5 million in the quarter.
- The company completed commercialization of its first gigawatt-scale AI data center campus after signing a second 352 MW IT lease at Beacon Point subsequent to quarter-end.
- Facilities representing 1,330 MW of utility capacity are in active construction across River Bend and Beacon Point.
- Hut 8 reported approximately $8.1 billion in unrestricted cash, restricted cash and cash equivalents, and Bitcoin holdings as of June 30, 2026.
- Adjusted EBITDA was $10.4 million for the quarter, compared with $4.2 million in the prior-year period.
$HUT Insider Trading Activity
$HUT insiders have traded $HUT stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $HUT stock by insiders over the last 6 months:
- JOSEPH FLINN has made 0 purchases and 6 sales selling 38,219 shares for an estimated $4,454,582.
- RICK RICKERTSEN has made 0 purchases and 2 sales selling 33,987 shares for an estimated $3,656,090.
- VICTOR SEMAH (Chief Legal Officer) has made 0 purchases and 3 sales selling 26,016 shares for an estimated $2,327,843.
- AMY MARIE WILKINSON sold 20,000 shares for an estimated $2,015,600
- SEAN JOSEPH GLENNAN (Chief Financial Officer) sold 4,625 shares for an estimated $226,871
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$HUT Hedge Fund Activity
We have seen 203 institutional investors add shares of $HUT stock to their portfolio, and 155 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LONE PINE CAPITAL LLC added 6,078,951 shares (+inf%) to their portfolio in Q1 2026, for an estimated $285,163,591
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 4,062,362 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $190,565,401
- SACHEM HEAD CAPITAL MANAGEMENT LP removed 2,825,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $132,520,749
- UBS GROUP AG added 1,386,968 shares (+888.9%) to their portfolio in Q1 2026, for an estimated $65,062,668
- NEWBROOK CAPITAL ADVISORS LP added 1,086,251 shares (+inf%) to their portfolio in Q1 2026, for an estimated $50,956,034
- THIRD POINT LLC added 869,563 shares (+inf%) to their portfolio in Q1 2026, for an estimated $40,791,200
- SITUATIONAL AWARENESS LP removed 860,200 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $40,351,982
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
