Hut 8 (Nasdaq: HUT) is a data infrastructure company that has undergone a dramatic transformation from being just a Bitcoin (BTC) miner into an artificial intelligence (AI) giant over the past months.

However, the company is still involved in Bitcoin mining through its majority-owned subsidiary, American Bitcoin (Nasdaq: ABTC), which was founded by Eric Trump and Donald Trump Jr. in March 2025. The president’s sons are the minority stakeholders of American Bitcoin.

Related: What is Bitcoin mining? Explained

Hut 8 director sells $2M in shares under Rule 10b5-1 plan

Hut 8 director Shattuck Mayo III sold 20,000 company shares worth $2 million on Sep. 24 under a pre-arranged Rule 10b5-1…