The Key Reason Why Hut 8 Plunged 12% Today [Yahoo! Finance]
American Bitcoin Corp. - Class A (ABTC)
Company Research
Source: Yahoo! Finance
However, there is one other company-specific driver of today's move that is worth exploring. Let's dive into what's moving the needle for Hut 8 today. 10 stocks we like better than Hut 8 › As of 3:45 p.m. ET, shares of Hut 8 Corp. (NASDAQ: HUT) are down 12%, a move that's significantly larger than similar downside moves we've seen in the crypto space today. A top Bitcoin miner with significant exposure to the world's largest cryptocurrency , price fluctuations are certainly one reason for today's decline. The price of Bitcoin has once again slid below the key $90,000 mark. This decline of more than 28% from Bitcoin's recent peak is suggestive that investors are taking a much more risk-off approach to certain sectors. If Bitcoin's decline continues, companies that hold significant amounts of Bitcoin on their balance sheets (mostly Bitcoin treasury companies and Bitcoin mining firms like Hut 8) could see continued downside from here. That said, there's another key reason wh
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News
- American Bitcoin: A Strong Model, But Overvalued In A Severe Crypto Bear Market [Seeking Alpha]Seeking Alpha
- American Bitcoin Schedules Full-Year 2025 Earnings Release and Conference CallPR Newswire
- American Bitcoin (NASDAQ:ABTC) is now covered by analysts at HC Wainwright. They set a "buy" rating and a $4.00 price target on the stock.MarketBeat
- Eric Trump Says American Bitcoin Is 'Leading The Charge' In BTC Accumulation — But Company's Stock Has Cratered 75% Since Debut [Yahoo! Finance]Yahoo! Finance
- Eric Trump Says 'Big Banks' Doing Everything They Can To Stop Crypto Legislation For 'Obvious' Reasons: 'The Entire Financial System Is Changing' [Yahoo! Finance]Yahoo! Finance
ABTC
Sec Filings
- 2/6/26 - Form S-8
- 1/2/26 - Form 4
- 1/2/26 - Form 4
- ABTC's page on the SEC website