Hut 8 is trading 6.81% down now at $91.63 as technology stocks came under pressure from concerns about slowing AI development, higher oil prices, and rising interest-rate expectations.
- Bitcoin is up 1.00% and Ethereum 0.38% since the last close, so cryptocurrency weakness does not explain the decline.
- A September 14 filing detailed Hut 8’s $399 million Corpus Christi-area data-center project; no direct negative company catalyst was identified.