HUT Hut 8 Corp. Insider Trading

CLO Victor Semah sold 10,000 shares of HUT at $125.00 on 2026-06-17 for $1,250,000, reducing holdings to 31,378 shares (-24.2%).

Victor Semah, Chief Legal Officer, executed a sale of 10,000 shares at $125.00, representing a substantial reduction of 24.2% from pre-transaction holdings of 41,378 shares. The stock has appreciated significantly in the near term (+33.4% over 30 days, +162.2% over 90 days), currently trading at $124.44, which is 11.6% below its 52-week high of $140.80. Semah's prior open-market trade at HUT (a sale on 2026-05-04) showed a positive 30-day return of +70.9%, suggesting a pattern of selling into strength. Against this backdrop, the company remains unprofitable with negative net income of $-219,849,000 in its most recent fiscal year, despite strong revenue growth of +44.8% year-over-year and substantial market capitalization of $14,011,211,297.28. The material size of this sale relative to remaining holdings warrants attention given the company's still-negative profitability and the insider's established track record of open-market sales.

Director Joseph Flinn sells 30,500 shares (62.6% of holdings) for $3,544,420 at HUT amid 90-day rally (+132.0%)

Joseph Flinn, Director at Hut 8 Corp., executed 2 separate sales totaling 30,500 shares for $3,544,420.00 on 2026-06-11, reducing his holdings by 62.6% from 48,738 to 18,238 shares. The sales occurred at blended average price of $116.21, against a current price of $120.18 and a 52-week high of $140.80. The timing is notable given the stock's 90-day performance of +132.0% and 30-day performance of +17.3%, positioning the sale within the context of a sustained upward price movement. Hut 8 generated revenue of $71,017,000.00 (latest quarter) with annual growth of +44.8%, but the company posted a net loss of $-219,849,000.00 and remains unprofitable on a full-year basis, creating a disconnect between operational performance metrics and valuation momentum.

Director Amy Marie Wilkinson sells 20,000 shares of HUT at $100.78; stock now at $112.54 (+0.2% from 52-week high)

Director Amy Marie Wilkinson sold 20,000 shares for $2,015,600.00 on 2026-05-21 at $100.78, reducing her holdings from 282,136 shares to 262,136 shares. The transaction occurred when HUT was trading below its current price of $112.54, which is now +0.2% from the 52-week high of $112.26. Notably, the stock has appreciated significantly on shorter timeframes: +46.4% over 30 days and +103.5% over 90 days since the transaction date. Against this momentum backdrop, the sale stands out given that HUT remains unprofitable (full-year net income was negative) despite strong revenue growth of +44.8% year-over-year, raising questions about capital allocation priorities and confidence in near-term valuation.

Director Rickertsen sells entire remaining stake in two transactions totaling $3.66M.

Director Rick Rickertsen has exited his complete position in Hut 8, selling all 33,987 shares across two sales in May for a combined total of $3.66 million. This represents Rickertsen's first open-market sales in the past three years—all of his prior Form 4 activity involved stock-based compensation transactions, making this a significant change in his filing pattern. The stock is currently trading just below its 52-week high, meaning Rickertsen executed the exit near elevated price levels rather than during weakness. Hut 8 itself remains unprofitable despite strong revenue growth, and the director's complete exit contrasts with the company's expanding top line. While board-level share dispositions don't inherently signal concern, the magnitude and completeness of this stake reduction is noteworthy given Rickertsen's prior ownership commitment and his lack of any offsetting open-market purchases in the three-year window.