Avala Global LP acquired 1,252,562 shares of Hut 8 Corp. The investment is valued at approximately $144.6 million. This purchase provides Avala Global with a 1.02% ownership stake in the company.
Hut 8 now comprises 5.3% of Avala Global’s total portfolio. The position ranks as the firm's fourth-largest holding.
Other institutional investors are also adjusting their positions in the digital asset mining and data center firm. CFO Sean Joseph Glennan sold 6,445 shares on August 24, 2026. The transaction covered tax liabilities related to the vesting of restricted stock units.