HUT is trading 5.0% down at $110.28 following a sharp pullback from the prior session and a broader decline across the cryptocurrency market.
- Bitcoin and Ethereum have fallen 1.82% and 1.98% respectively since the last close, keeping significant pressure on crypto-linked equities.
- BTIG maintained its Buy rating and raised its price target from $115 to $150, though the positive long-term outlook has been unable to stem the current downward momentum.