Flight Deck Capital Acquires New Position in Hut 8
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy HUT?
Source: Fool
- New Position Established: According to a SEC filing dated February 17, 2026, Flight Deck Capital, LP established a new position in Hut 8 by acquiring 214,700 shares valued at $9.86 million, indicating a bullish outlook on the stock.
- Asset Allocation Insight: This acquisition accounted for 8.41% of Flight Deck Capital, LP's reportable assets under management as of December 31, 2025, reflecting a strategic diversification in the fund's investment portfolio.
- Performance Highlights: As of February 17, 2026, Hut 8 shares were priced at $52.94, representing a 167.6% increase over the past year, showcasing its strong market performance amid rising demand for AI computing capabilities.
- Competitive Advantage: Hut 8's focus on ensuring sufficient electricity generation at its facilities positions it well to meet the anticipated growth in AI computing demand over the coming years, although its price-to-sales ratio of 24 suggests potential overvaluation risks.
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Analyst Views on HUT
Wall Street analysts forecast HUT stock price to fall
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 47.405
Low
17.50
Averages
24.54
High
33.00
Current: 47.405
Low
17.50
Averages
24.54
High
33.00
About HUT
Hut 8 Corp. is an energy infrastructure platform. The Company's segments include Power, Digital Infrastructure, Compute, and Other. The Company's Power segment acquires, develops, and manages critical energy assets such as interconnects, powered land, and other electrical infrastructure to address the load demands of energy-intensive applications such as Bitcoin mining and high-performance computing. Its Power segment consists of power generation and managed services. Its Digital Infrastructure segment consists of CPU Colocation and ASIC Colocation services. The Company's Compute segment consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. The Company, through its subsidiary, American Bitcoin Corp., is focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The Company's platform spans approximately 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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