Ardsley Dumps 440,000 Hut 8 Shares Worth $19.4 Million
Key Points
Sold 440,000 Hut 8 shares; transaction value is $19,395,200 based on quarterly average price.
Quarter-end value of the position decreased by $11,309,600, reflecting both trading and stock price movement.
Sale represents a 2.1% change in fund 13F AUM.
Post-trade, Ardsley holds 360,000 shares valued at $16,538,400.
The stake now accounts for 1.8% of 13F AUM, placing it outside the fund's top five holdings.
- 10 stocks we like better than Hut 8 ›
On February 17, 2026, Ardsley Advisory Partners LP disclosed a sale of shares of Hut 8 (NASDAQ:HUT). The move marks a significant reduction in the fund’s exposure to the cryptocurrency mining and data center operator.
What happened
According to an SEC filing dated February 17, 2026, Ardsley Advisory Partners LP reduced its Hut 8 stake by 440,000 shares. The estimated transaction value is $19,395,200, based on the average closing price for the quarter ended December 31, 2025. The quarter-end position value fell by $11,309,600, a figure that incorporates both share sales and price changes.
What else to know
- Sell activity lowered the Hut 8 position to 1.8% of Ardsley’s reported U.S. equity assets.
- Top holdings after the filing:
- NYSE:LLY: $42.99 million (4.7% of AUM).
- NASDAQ:FSLR: $30.69 million (3.4% of AUM)
- NASDAQ:LITE: $29.49 million (3.2% of AUM)
- NASDAQ:AVGO: $29.08 million (3.2% of AUM)
- NASDAQ: RUN: $27.23 million (3.0% of AUM)
- As of February 13, 2026, shares were priced at $53.87, up 163.2% over the past year, outperforming the S&P 500 by 151.37 percentage points.
Company Overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $235.12 million |
| Net Income (TTM) | ($248.00 million) |
| Price (as of market close 2/13/26) | $53.87 |
| One-Year Price Change | 163.2% |
Company Snapshot
- Operates large-scale data centers supporting Bitcoin mining, high performance computing, and artificial intelligence workloads.
- Generates revenue primarily through the acquisition, management, and operation of energy infrastructure and compute-intensive facilities.
- Serves institutional clients and enterprises requiring advanced computing power and digital asset mining capabilities.
Hut 8 is a vertically integrated operator specializing in energy infrastructure and Bitcoin mining, with a significant presence in the data center and high-performance computing space. The company leverages its expertise in facility design and management to serve clients with demanding compute needs. Strategic integration across the value chain enables Hut 8 to maintain operational efficiency and capitalize on growth in digital asset and AI-driven markets.
What this transaction means for investors
Ardsley Advisory Partners unloaded 55% of its Hut 8 shares in the fourth quarter of 2025. The sale came after the tech stock made massive gains from its April low.
The fund likely treated this as a trade, having acquired shares in Q2. This means it could have possibly bought its shares at or near the aforementioned April low of just above $10 per share. By early in Q4, shares had climbed above $50 per share, strongly indicating Ardsley was taking some profits when it sold.
Moreover, its shares are quite expensive. Amid considerable losses, the network infrastructure and Bitcoin miner has reached a price-to-sales (P/S) ratio of 26 as of the filing date. That may partially explain why it has traded in a range since October, validating Ardsley’s decision to sell some shares.
Still, investors should note that revenue rose by 45% in 2025. Given its presence in the data center and high-performance computing businesses, it could pay off in the long term to keep some shares of this stock.
Should you buy stock in Hut 8 right now?
Before you buy stock in Hut 8, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hut 8 wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $508,877!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,115,328!*
Now, it’s worth noting Stock Advisor’s total average return is 936% — a market-crushing outperformance compared to 189% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of March 18, 2026.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, First Solar, and Lumentum. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.
Recommended Articles
