Hut 8 Corp. shares dropped another 12% on December 15, 2025, extending losses as market concerns over profitability and commodity volatility persist. The decline follows a series of sharp sell-offs that have eroded investor confidence in the company’s ability to sustain operations.
- Hut 8 Corp. shares fell 12% on December 15, 2025
- Year-to-date stock performance: -78%
- Q3 2025 BTC production: 1,024 BTC, down 14% YoY
- Net loss for Q3 2025: $42.3 million
- Breakeven Bitcoin price: above $55,000
- Planned Ontario expansion delayed due to financing
Hut 8 Corp. continued its downward trajectory on December 15, 2025, with shares falling 12% in intraday trading, marking the latest in a string of steep declines. The drop brings the stock’s year-to-date performance to a negative 78%, reflecting intensified pressure from macroeconomic headwinds and persistent challenges in the Bitcoin mining sector. Despite the company’s operational footprint across North America, including data centers in Alberta and Texas, the market remains skeptical about its long-term viability under current conditions. The decline comes amid broader weakness in digital asset markets, with Bitcoin trading below $60,000—a level that has failed to stabilize investor sentiment. Hut 8’s cost of electricity and mining efficiency metrics have come under scrutiny, with recent disclosures indicating that its breakeven price for Bitcoin production now exceeds $55,000. This is significantly above the current market price, raising concerns about cash flow sustainability and potential liquidity risks. Investors are also reacting to a lack of meaningful revenue growth, as Hut 8 reported Q3 2025 mining output of 1,024 BTC, a 14% decrease year-over-year, while operating expenses rose 8% during the same period. These figures underscore a widening gap between output and cost, contributing to a net loss of $42.3 million in the quarter. The company’s recent decision to delay planned expansion in Ontario due to financing constraints further dampened market confidence. The broader market has taken note, with the S&P Global Bitcoin Mining Index declining 18% over the past month. Shares in other mining firms, including Marathon Digital Holdings and Riot Platforms, have also experienced downward pressure, signaling systemic concerns rather than isolated company issues.