Hut 8 Ownership

HUT Stock  CAD 39.64  1.24  3.23%   
Hut 8 Mining has a total of 93.58 Million outstanding shares. Over half of Hut 8's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Hut 8 Mining. Please watch out for any change in the institutional holdings of Hut 8 as this could mean something significant has changed or is about to change at the company. Also note that almost eighteen million twenty-three thousand seven hundred twenty-one invesors are currently shorting Hut 8 expressing very little confidence in its future performance.
 
Shares in Circulation  
First Issued
2011-09-30
Previous Quarter
89 M
Current Value
93.7 M
Avarage Shares Outstanding
49.7 M
Quarterly Volatility
59.6 M
 
Yuan Drop
 
Covid
Some institutional investors establish a significant position in stocks such as Hut 8 in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of Hut 8, and when they decide to sell, the stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits.
As of the 1st of December 2024, Dividend Paid And Capex Coverage Ratio is likely to grow to -30.86. As of the 1st of December 2024, Common Stock Shares Outstanding is likely to grow to about 58 M, though Net Loss is likely to grow to (207.6 M).
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Hut Stock Ownership Analysis

About 59.0% of the company shares are held by company insiders. The book value of Hut 8 was currently reported as 5.48. The company recorded a loss per share of 1.1. Hut 8 Mining had not issued any dividends in recent years. The entity had 1:5 split on the 4th of December 2023. Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada. HUT 8 operates under Capital Markets classification in Canada and is traded on Toronto Stock Exchange. It employs 43 people. To learn more about Hut 8 Mining call the company at 305 224 6427 or check out https://hut8.com.

Hut 8 Outstanding Bonds

Hut 8 issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Hut 8 Mining uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Hut bonds can be classified according to their maturity, which is the date when Hut 8 Mining has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Pair Trading with Hut 8

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hut 8 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hut 8 will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hut Stock

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Moving against Hut Stock

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The ability to find closely correlated positions to Hut 8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hut 8 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hut 8 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hut 8 Mining to buy it.
The correlation of Hut 8 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hut 8 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hut 8 Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hut 8 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Hut Stock

Hut 8 financial ratios help investors to determine whether Hut Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hut with respect to the benefits of owning Hut 8 security.