Hut8 executives sell $2 million worth of stock

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Hut8 executives sell $2 million worth of stock

2026-09-30 06:35:43

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Hut8 transforms artificial intelligence giant, and subsidiary American Bitcoin is still involved in Bitcoin mining.

Hut8 (Nasdaq: HUT) is a data infrastructure company. In the past few months, the company has undergone a significant transformation, from a mere Bitcoin (BTC) miner to a leader in artificial intelligence (AI). However, through its controlling subsidiary American Bitcoin (Nasdaq: ABTC), the company remains deeply involved in Bitcoin mining. American Bitcoin is created by Eric Trump and Donald Trump Jr.（Donald Trump Jr.）Founded in March 2025, both presidents 'sons are minority shareholders in the subsidiary.

Hut8 directors sell US$2 million in shares in accordance with Rule 10b5 -1 plan

A Form 4 filing with the U.S. Securities and Exchange Commission (SEC) shows that Hut8 director Shattuck Mayo III sold US$2 million worth of company shares, totaling 20,000 shares, on September 24, in accordance with the pre-arranged Rule 10b5 -1 trading plan. After this reduction, he still holds 89,408 shares of HUT stock.

Rule 10b5 -1 is an SEC regulatory rule that allows company insiders to establish predetermined stock trading plans, thereby reducing allegations of insider trading while complying with insider trading laws. Trading plans formulated under this rule must be established without access to any material non-public information (MNPI), and the price, quantity and timing of transactions must be clarified in advance.

内部人士抛售股份是市场中的常规做法，指公司高管或主要股东在公开市场上合法出售其持有的本公司股票。此类交易必须向 SEC 披露，并由 SEC 公开报告出售价格、股份数量以及交易日期等详细信息。截至撰稿时，HUT 股价报收于每股 92.55 美元。

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