CalSTRS disclosed a significant new position in Hut 8 Corp on September 12, 2026. The pension fund increased its holding by 11,436.2% during the second quarter.
CalSTRS now owns 13.26 million shares of the company. This holding constitutes a 10.75% stake. The total investment is worth approximately $1.53 billion.
Hut 8 recently shifted its strategic focus toward high-performance computing. The company is currently developing large-scale AI data centers.