Hut 8 is trading 11.7% down at $43.20 on November 5 as AI-infrastructure stocks retreat amid data-center regulation concerns.
- Bitcoin and Ethereum fell 5.79% and 7.21%, respectively, since the prior close; Reuters reported data-center operators, including Hut 8, were falling 6% to 11%.
- Third-quarter revenue of $71.1 million missed estimates, and the reported loss per share was wider than expected; the prior session’s sharp drop followed results.
- Thursday’s market and crypto weakness added headwinds.