Hut 8 is trading 6% down at $90.16 as broad risk-off sentiment pressures technology and crypto-linked equities.
- Bitcoin is down 1.76% and Ethereum 1.88% since the September 9 close, adding sector pressure but not fully explaining Hut 8’s larger decline.
- Major indices are also lower as elevated inflation and geopolitical concerns weigh on risk appetite.
- Recent Texas data-center developments remain supportive but are not a new catalyst today.