Why is Hut 8 stock sliding today?
Hut 8 stock fell 3.4% to $89.10 in pre-market trading as Bitcoin dropped 2.2% amid rising geopolitical tensions and inflation fears. Analysts at Rothschild & Co initiated coverage with a Neutral rating and $96 price target, citing credit market risks. Insider selling and ongoing losses also weighed on the stock, despite Buy ratings from Northland Securities and StoneX. The broader market decline and high beta exacerbated the pressure.


