Popular Bitcoin miner insider dumps $2 million in shares near all-time high

The shares of Hut 8 Corp. (Nasdaq: HUT) have been on a rally of late.

The company which began as a Bitcoin (BTC) miner has been transitioning into a data infrastructure firm that can swing between artificial intelligence (AI) and mining operations.

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While most Bitcoin miners are completely abandoning operations while pivoting to AI, Hut 8 is still attempting to strike a balance but is positioning itself less as a miner.

On May 6, the company announced a 15-year, $9.8 billion lease for a large-scale AI data centre project in Texas. Though the facility was intended for Bitcoin mining, it was repurposed for AI operations.

Hut 8 said NVIDIA (Nasdaq: NVDA) is its technology partner, with Phase 1 of the campus engineered to NVIDIA’s DSX reference architecture for gigawatt-scale AI factories.

Following the announcement, the HUT stock’s price surpassed the $100 mark on May 6.

Since then, the company’s stock continued to hit fresh highs and even hit its all-time high (ATH) of $126.26 on May 28.

Popular on TheStreet Roundtable:

Hut 8 director Amy Marie Wilkinson sells shares

Amy Marie Wilkinson, a board director at Hut 8, filed a Form 4 with the Securities and Exchange Commission (SEC) on May 26 and disclosed selling 20,000 shares at $100.78 apiece on May 21.

Though Wilkinson dumped $2,015,600 in HUT shares, she still owns 262,136 shares of the company.

Insider selling is a standard market practice in which a company executive or a major shareholder legally sells shares of their own company in the open market.

It is required by the SEC to report such sales to the securities regulator, including details such as the stock sale price, number of shares sold, and date of the sale.

Such sales shouldn’t necessarily be read as an indication of low confidence among top leaders in the company’s prospects. Executives sell their shares for a variety of purposes such as portfolio diversification, taxes, etc.

The Hut 8 stock closed at $124.24 on May 28.

Related: Veteran investor names the next ‘NVIDIA’ before AI boom

This story was originally published by TheStreet on May 28, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.