Hut 8 is trading 6.8% down now at $104.52 after investors reacted to a second-quarter earnings report that missed revenue estimates and showed a large unrealized loss on digital assets.
- Despite the revenue miss, the company highlighted a significantly larger AI infrastructure contract book and a sharply higher base-term contract value.
- The stock is pulling back from late-July gains as the market weighs wider crypto-related losses against ambitious long-term AI data center guidance.