Hut 8 is trading 10.5% down at $93.65 as investors take profits following a massive year-to-date rally and reassess rich AI-driven valuations.
- The decline occurs despite no fresh negative operating news, following several days of weakness as broader tech and semiconductor sectors sell off.
- A retreat in cryptocurrency prices is further amplifying volatility for the company, which is increasingly positioned as a speculative AI–crypto infrastructure play.