Hut 8's Chief Legal Officer, Victor Semah, has sold 10,518 shares of the company, generating $808,149 in proceeds. The shares were sold at $76.84 each on May 4, as the stock trades near its 52-week high of $83.18, following a 512% surge over the past year. Despite the sale, Semah retains 41,378 shares valued at $3.3 million. This marks the second sale by Semah in recent months, following a March 10 transaction where he sold 5,498 shares at an average price of $49.05, totaling $269,676.90. These sales have reduced his holdings by over 20% this year. Hut 8's stock is currently priced at $79.60 and is projected to increase by 55% by 2026.