Hut 8 is trading at $80.31, down 10.06%, amid crypto-related stocks and broader market weakness.
- Bitcoin and Ethereum are down 2.76% and 5.77%, respectively, since the prior close. Crypto reporting cites Middle East tensions, rising oil prices and elevated Treasury yields as pressures on risk appetite.
- U.S. indices are lower; the Nasdaq is down 0.65%, less than Hut 8.
- Hut 8 announced Q3 results will be released November 4; that announcement does not identify a specific cause for the October 8 drop.