Hut 8 Mining Corp.

HUT • NASDAQ

Hut 8 Mining Corp. is a financial - capital markets company in the financial services sector on NASDAQ, led by Asher Genoot, with a market cap of $5.1B. As of Q3 2025, 65% of shares are held by 258 institutional investors, with BlackRock, Inc. as the largest holder at 7.57%.

Chief Executive OfficerAsher Genoot

Market Cap$5.1B

Financial - Capital Markets

Financial Services

Employees219.0

Websitehut8.com

Country

United States of America

Overview

Overview of institutional ownership in HUT as of Q3 2025 with a market cap of $3.7B

All Institutions

Institutions: 258
Value Held: $2.4B
Shares Held: 69.3M
Avg Position: $9.3M
Median Position: $854.3K

Hedge Funds

Hedge Funds: 63
Value Held: $588.7M
Shares Held: 16.9M
Avg Position: $9.3M
Median Position: $3.1M

Ownership Breakdown

Institutional (non-HF)

49.3%

$1.8B

Hedge Funds

16.03%

$588.7M

Retail & Other

34.68%

$1.3B

Based on market cap of $3.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HUT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$278.0M 0.00% of portfolio	7.57% 8.0M shares	Q4 2022 Held for 2y 11m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$269.0M 0.00% of portfolio	7.32% 7.7M shares	Q4 2022 Held for 2y 11m	$6.69T
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$104.1M 0.02% of portfolio	2.83% 3.0M shares	Q4 2024 Held for 11 months	$433.11B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$87.5M 0.01% of portfolio	2.38% 2.5M shares	Q1 2023 Held for 2y 8m	$1.57T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$85.6M 0.00% of portfolio	2.33% 2.5M shares	Q4 2022 Held for 2y 11m	$2.88T
B BIT Capital GmbH Institution	-	$75.8M 3.46% of portfolio	2.06% 2.2M shares	Q3 2021 Held for 4y 2m	$2.2B
Hood River Capital Management LLC Long Only Manager	Brian Paul Smoluch Managing Partner	$69.1M 0.82% of portfolio	1.88% 2.0M shares	Q3 2025 Held for 2 months	$8.5B
D D. E. Shaw & Co., Inc. Institution	-	$68.4M 0.06% of portfolio	1.86% 2.0M shares	Q4 2024 Held for 11 months	$115.81B
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	David Michael Field Managing Partner	$67.8M 1.57% of portfolio	1.85% 1.9M shares	Q2 2025 Held for 5 months	$4.3B
J JANE STREET GROUP, LLC Institution	-	$64.5M 0.08% of portfolio	1.76% 1.9M shares	Q4 2022 Held for 2y 11m	$84.1B

Net Capital Flow

Institutional buying and selling activity for HUT in Q3 2025

Traded: +$527.4M
Buyers: 171
Sellers: 81
Total Bought: +$761.0M
Total Sold: −$233.6M
Avg Position: $8.4M

Biggest Buyers

Institution	Net Bought	Current Position
Hood River Capital Management LLC Long Only Manager	+$69.1M +2.0M shares	$69.1M 2.0M shares
J JANE STREET GROUP, LLC Institution	+$50.6M +1.5M shares	$64.5M 1.9M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$48.4M +1.4M shares	$48.4M 1.4M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$44.1M +1.3M shares	$44.1M 1.3M shares
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	+$35.6M +1.0M shares	$67.8M 1.9M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$35.0M +1.0M shares	$35.0M 1.0M shares
D D. E. Shaw & Co., Inc. Institution	+$29.5M +847.8K shares	$68.4M 2.0M shares
Nishkama Capital, LLC Hedge Fund•Sector	+$28.1M +808.3K shares	$28.1M 808.3K shares
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	+$25.1M +720.6K shares	$25.1M 720.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$23.1M +663.0K shares	$46.4M 1.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
VAN ECK ASSOCIATES CORP ETF Provider	−$38.6M −1.1M shares	$18.6M 533.3K shares
MORGAN STANLEY RIA/Wealth	−$26.3M −754.6K shares	$45.0M 1.3M shares
B BIT Capital GmbH Institution	−$24.5M −703.9K shares	$75.8M 2.2M shares
V Vennlight Capital Management, LP Hedge Fund•Long/Short	−$14.2M −407.3K shares	$2.0M 57.7K shares
I Incline Global Management LLC Hedge Fund•Long/Short	−$13.9M −748.4K shares	Sold Off 0 shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$12.1M −648.5K shares	Sold Off 0 shares
N Nuveen, LLC Institution	−$10.7M −308.2K shares	$12.5M 359.4K shares
B Becker Drapkin Management, L.P. Hedge Fund•Long/Short	−$10.0M −286.9K shares	$23.8M 684.9K shares
UBS Group AG Institution	−$9.6M −276.9K shares	$22.8M 653.6K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$5.9M −315.2K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited HUT in Q3 2025

New Positions: 62
New Value: $327.7M
Exited Positions: 26
Exited Value: $42.4M

New Positions

Institution	Position Value
Hood River Capital Management LLC Long Only Manager	$69.1M 2.0M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	$48.4M 1.4M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$44.1M 1.3M shares
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$25.1M 720.6K shares
S Situational Awareness LP Hedge Fund•Sector	$20.9M 599.0K shares
Goodlander Investment Management, LLC Hedge Fund•Long/Short	$19.1M 550.0K shares
P Pertento Partners LLP Hedge Fund•Long/Short	$14.0M 401.9K shares
B BW Gestao de Investimentos Ltda. Institution	$9.7M 280.0K shares
Azora Capital LP Hedge Fund•Long/Short	$8.5M 245.5K shares
Ripple Effect Asset Management LP Hedge Fund•Long/Short	$7.0M 200.0K shares

Exited Positions

Institution	Previous Position
I Incline Global Management LLC Hedge Fund•Long/Short	$13.9M 748.4K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	$12.1M 648.5K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$5.9M 315.2K shares
C Clearline Capital LP Hedge Fund•Event Driven	$3.2M 171.4K shares
S SIG North Trading, ULC Institution	$1.8M 96.3K shares
N NATIONAL BANK OF CANADA /FI/ Institution	$1.1M 41.7K shares
R RR Advisors, LLC Hedge Fund•Sector	$1.0M 55.0K shares
Main Management ETF Advisors, LLC Institution	$831.7K 44.7K shares
Triton Wealth Management, PLLC RIA/Wealth	$411.8K 19.5K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$342.4K 18.4K shares

Options Activity

Institutions with the largest Call and Put options positions in HUT as of Q3 2025

Call Positions: 43
Call Value: $595.6M
Put Positions: 23
Put Value: $317.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$154.1M 44.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$83.1M 23.9K contracts
J JANE STREET GROUP, LLC Institution	$54.9M 15.8K contracts
Artisan Partners Limited Partnership Long Only Manager	$41.2M 11.8K contracts
P PEAK6 LLC Institution	$41.0M 11.8K contracts
BTG Pactual Asset Management US LLC Hedge Fund•Multi-Strategy	$33.9M 9.8K contracts
Caption Management, LLC Hedge Fund•Long/Short	$32.7M 9.4K contracts
W WOLVERINE TRADING, LLC Institution	$27.9M 8.0K contracts
C CastleKnight Management LP Hedge Fund•Event Driven	$20.9M 6.0K contracts
B BlueCrest Capital Management Ltd Institution	$12.1M 3.5K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$93.5M 26.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$66.7M 19.1K contracts
J JANE STREET GROUP, LLC Institution	$47.8M 13.8K contracts
P PEAK6 LLC Institution	$26.5M 7.6K contracts
BARCLAYS PLC Institution	$14.7M 4.2K contracts
W WOLVERINE TRADING, LLC Institution	$10.4M 3.0K contracts
TORONTO DOMINION BANK Institution	$8.3M 2.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$7.2M 2.1K contracts
Ripple Effect Asset Management LP Hedge Fund•Long/Short	$7.0M 2.0K contracts
Walleye Trading LLC RIA/Wealth	$5.9M 1.7K contracts

Most Committed Institutions

Institutions with HUT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B Becker Drapkin Management, L.P. Hedge Fund•Long/Short	Richard Benjamin Billig COO	7.38% $23.8M	0.65% 684.9K shares	Q2 2024 Held for 1y 5m	$323.1M
Goodlander Investment Management, LLC Hedge Fund•Long/Short	John Paul Labanowski Founder	7.30% $19.1M	0.52% 550.0K shares	Q3 2025 Held for 2 months	$262.3M
Hampton Road Capital Management LP Hedge Fund•Long/Short	Kenneth Francis Palumbo President	4.58% $2.1M	0.06% 60.8K shares	Q3 2024 Held for 1y 2m	$46.3M
W Wealth High Governance Capital Ltda Institution	-	4.46% $14.6M	0.40% 420.0K shares	Q3 2025 Held for 2 months	$327.9M
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	Steven Nicholas Napoli CFO	4.34% $27.8M	0.76% 800.0K shares	Q2 2025 Held for 5 months	$641.4M
Ripple Effect Asset Management LP Hedge Fund•Long/Short	Donald Stoltz COO	4.01% $7.0M	0.19% 200.0K shares	Q2 2025 Held for 5 months	$173.7M
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Jay Scott Genzer Managing Partner	3.60% $25.1M	0.68% 720.6K shares	Q3 2025 Held for 2 months	$696.8M
B BIT Capital GmbH Institution	-	3.46% $75.8M	2.06% 2.2M shares	Q3 2021 Held for 4y 2m	$2.2B
T Tricadia Capital Management, LLC Hedge Fund•Distressed	Mark Stephen Black CIO	3.05% $4.9M	0.13% 140.0K shares	Q3 2025 Held for 2 months	$159.9M
V Vennlight Capital Management, LP Hedge Fund•Long/Short	Igor (Nmn) Gitelman Founder	2.61% $2.0M	0.05% 57.7K shares	Q4 2024 Held for 11 months	$76.9M

Hedge Fund Spotlight

Discover hedge funds investing in HUT

LEVIN CAPITAL STRATEGIES, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Andrew Levin

Portfolio Value: $1.1B
Positions: 182
Last Reported: Q3 2025

Sector Allocation

Position in Hut 8 Mining Corp.

Market Value: $7.0K
Shares Held: 200.0
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$72.1M	6.61%
2 JPMorgan Chase JPM	Banks - Diversified Financial Services	$54.5M	5.00%
3 Bank of New York Mellon BK	Asset Management Financial Services	$46.2M	4.24%