Hut 8 Corp. Chief Financial Officer Sean Glennan sold 6,445 common shares for approximately $507,623 on August 24, 2026, according to regulatory filings.
The disposal was executed at prices between $78.70 and $79.33 per share and was conducted to satisfy tax withholding obligations linked to the vesting of restricted stock units. The transaction was carried out under a Rule 10b5-1 trading plan established on September 9, 2024.
Glennan had acquired 12,355 shares on August 21, 2026 through the conversion of vested RSUs on a one-for-one basis. Following the sale and acquisition, Glennan holds 17,978 direct common shares and retains 12,355 unvested RSUs.
Hut 8’s stock has risen to $85.50, up 230% over the past 12 months. The company is pivoting from Bitcoin mining to a broader digital infrastructure platform, repurposing data center capacity to support artificial intelligence workloads.
Hut 8 reported adjusted revenue of $105.18 million in the second quarter of 2026, below the $111.29 million forecast, and posted a loss of $1.78 per share, wider than the anticipated loss of 51.9 cents. Freedom Capital maintains a Buy rating with a $132 price target.
