The Canada Pension Plan Investment Board established a new position in Hut 8 Corp. during the second quarter. A recent SEC 13F filing confirms the fund acquired 392,400 shares.
The investment is worth approximately $45.30 million. This purchase grants the pension fund a 0.32% ownership stake in the company.
Hut 8 operates as a digital asset mining and data center firm. Other major institutions, including BlackRock and Vanguard Group, also recently increased their holdings.