Billionaire Daniel Loeb just wrote a sizable check to Hut 8 (HUT), and he did it after the stock had already taken off. In Q1 2026, his hedge fund, Third Point LLC, opened a new position in Hut 8, buying about 869,563 shares worth roughly $40.8 million.
This move comes as Hut 8 has been changing from a traditional Bitcoin miner into a fast‑growing energy and computing business. Its shares have climbed 102.57% over the past three months, and that rise is tied to specific decisions rather than buzz or headlines.
