Hut 8's chief financial officer, Sean Glennan, sold 6,445 shares of common stock for proceeds of $508,000 U.S. on Aug. 24, according to a regulatory filing. The shares were sold at an average price of $78.76 U.S. per share, substantially reducing Glennan's stake in the company. Media reports indicate the sale was executed automatically to cover tax liabilities from the vesting of restricted stock units. Glennan still owns 12,355 stock options in Hut 8 that are expected to vest later. The sale comes as Hut 8's stock has surged 222% over the past 12 months to $85 U.S. per share, driven by strong financial results and demand for AI data centres.
Hut 8 Corp. Common StockCFO sold shares, reducing stake, though sale was for tax liabilities.
