Hut 8 stock today: Why HUT is down even as bitcoin edges higher
Hut 8 shares dropped 3.1% to $47.31 Tuesday afternoon, underperforming bitcoin, which rose 0.8% to $88,110. The decline followed investor focus on Hut 8’s $7 billion, Google-backed AI data center lease in Louisiana. About 2.26 million shares changed hands. Other U.S.-listed crypto miners also traded lower despite bitcoin’s gains.