Hut 8 sold 3,102 Bitcoin to fund a $250 million stock buyback, reducing shares and Bitcoin exposure. Despite this, its stock dropped 16.4% after reporting $71.1 million revenue, below expectations. The company plans up to $1 billion in buybacks amid market volatility and is shifting focus toward AI data centers. Other miners like MARA and CleanSpark still hold significant Bitcoin reserves, while Riot and Hut 8 have sold much of theirs.
Hut 8 Corp has a market cap of $7.83 billion and an enterprise value of $15.26 billion as of Nov 05, 2026 02:02 WIB. Despite its recent Bitcoin sales and stock buyback plans, the stock price on Pluang dropped 23.69% in one day, with a trading volume of 8,685,584 shares. Pluang users show a strong buying interest, with 74% of order activity on the platform as buys at that time.
Hut 8 has fully commercialized its Beacon Point AI data center campus, signing a major lease that brings its AI data center contract value to $26.6 billion. The company expanded its energy capacity under exclusivity by 1,300 MW to 3,180 MW and secure...
Hut 8 shares surged 16% ahead of its Q3 2026 earnings report, leading a rebound among Bitcoin miners pivoting to AI infrastructure. The company is expected to report revenue decline and losses but aims to prove its lease timeline for new data halls i...
