Hut 8 is trading at $112.00 (-4.82%) following a sharp morning pullback driven by broader declines across the cryptocurrency and technology sectors.
- Bitcoin and Ethereum have dropped 1.98% and 1.55% respectively since the prior close, weighing heavily on crypto-linked equities.
- The Nasdaq Composite is down 0.60% as tech stocks remain under pressure following a recent selloff linked to AI-spending concerns.
- No company-specific catalysts have been reported, suggesting the move is a result of macro sentiment and sector-wide weakness.