Hut 8 Stock on Wild Ride as Bitcoin Boom, Trump Spinoff Fuel Soaring Rally – What’s Next for HUT?
Hut 8 Corp. shares nearly doubled in 2025, hitting a record near $49 before dropping to $43–$45 on Oct. 22 after a sector-wide selloff. The company launched American Bitcoin Corp. in September, backed by Eric and Donald Trump Jr., retaining 80% ownership. Hut 8’s Bitcoin holdings surged past $1.1 billion as Bitcoin neared $120,000. Most analysts rate HUT a “Buy,” but the average price target is now below its current level.