Hut 8 Mining Corp shares plunge over 21% as third-quarter losses widen and revenue misses estimates
HUT Hut 8 Corp
$56.77 -0.44%
View chart & analysis → - 1Hut 8 Mining Corp shares fell by more than 21% on Wednesday.
- 2Hut 8's third-quarter loss per share was $1.23, exceeding analysts' expected loss of $1.06 per share.
- 3Revenue for the quarter ended September 2026 was $71.07 million, down from $83.51 million in the same period last year.
So what's the key point?
Hut 8 Mining Corp reported larger losses than expected in the third quarter. As revenue also decreased compared to last year, the stock price fell by more than 21%.
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