SCHEDULE: Hut 8 Corp. Ownership Update by Susquehanna Affiliates

Susquehanna-affiliated entities report a combined 2.7% stake in Hut 8 Corp. as of March 31, 2026, primarily through options.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership of Hut 8 Corp. common stock.
• The reporting persons are G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group, and Susquehanna Securities, LLC.
• Collectively, these entities beneficially own 3,061,763 shares of Hut 8 Corp. common stock, representing 2.7% of the class.
• This ownership is primarily held through options, with Susquehanna Investment Group holding options and Susquehanna Securities, LLC holding options for 2,757,300 shares.
• The filing states that these entities are affiliated independent broker-dealers and may be deemed a group.
• Each reporting person disclaims beneficial ownership of shares owned directly by another reporting person.
• The filing was made on May 13, 2026, with the event date requiring the filing being March 31, 2026.
• The total number of outstanding shares as of March 31, 2026, was 112,546,250.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral; it's a routine disclosure of ownership and does not provide new operational or financial information about Hut 8 Corp. itself.

Positives

• The reporting entities collectively hold a significant stake (2.7%) in Hut 8 Corp., indicating investor interest.
• The ownership is primarily through options, which could suggest a belief in future stock price appreciation.

Negatives

• The filing does not contain financial performance data or operational updates, limiting the assessment of the company's health.
• The disclaimer of beneficial ownership among affiliated entities could indicate complex internal structures or a desire to limit liability.

Risks

• The reliance on options for a significant portion of the reported ownership introduces risk related to option expiry and exercise conditions.
• The potential for the 'group' designation to be scrutinized by regulators could pose a compliance risk.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from Hut 8 Corp. The ownership structure reported suggests a potential belief in future value by the reporting entities, but this is not explicitly stated as guidance.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and broker-dealers to report passive ownership stakes. The involvement of multiple Susquehanna-affiliated entities suggests a coordinated investment strategy, typical in the asset management and brokerage industry.

Related Party Transactions

• The filing notes that G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group, and Susquehanna Securities, LLC are affiliated independent broker-dealers and may be deemed a group. Each reporting person disclaims beneficial ownership of shares owned directly by another reporting person, which is a common disclosure to manage potential regulatory implications of group filings.

Stakeholder Impact

• Shareholders: The filing indicates continued institutional interest in Hut 8 Corp., which can be viewed positively, but the passive nature of the filing means no immediate strategic impact is implied.
• Creditors: No direct impact is indicated as the filing concerns equity ownership.
• Employees: No direct impact is indicated.
• Suppliers/Customers: No direct impact is indicated.

Next Steps

• Monitor future filings from these reporting persons for any changes in their ownership stake in Hut 8 Corp.
• Review Hut 8 Corp.'s subsequent financial reports and operational updates for insights into the company's performance.

Key Dates

Keywords

Hut 8 Corp., Schedule 13G, Beneficial Ownership, Susquehanna, G1 Execution Services, SIG Brokerage, Susquehanna Investment Group, Susquehanna Securities, Common Stock, Options, SEC Filing, Amendment