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.