Hut 8 (HUT) shed 14% in early trading on December 16, 2025, as Bitcoin (BTC-USD) dropped to $84,720—a 5.3% decline in 24 hours—triggering broad sell-offs in crypto-related equities. The move underscores the tight linkage between digital asset prices and publicly traded mining firms.
- Hut 8 (HUT) dropped 14.2% to $8.04 on December 16, 2025
- Bitcoin (BTC-USD) fell to $84,720—a 5.3% 24-hour drop
- Hut 8’s mining hash rate remains at 1.3 exahashes per second
- Revenue forecasts for HUT’s Q4 2025 revised down 8.5%
- Marathon (MARA) and Riot (RIOT) also posted double-digit declines
- Market cap of Bitcoin receded to $2.07 trillion from $2.2 trillion peak
Hut 8 Mining Corp. (HUT) experienced a sharp downward spiral in its share price, falling 14.2% to $8.04 on December 16, 2025, amid a broader market correction in digital assets. The decline followed a sustained drop in Bitcoin (BTC-USD), which dipped below $85,000 for the first time since late November, settling at $84,720—a loss of 5.3% over 24 hours. This price erosion in the core cryptocurrency directly impacted equities tied to crypto mining and infrastructure. The move reflects heightened sensitivity among investors in digital asset-related stocks to Bitcoin’s volatility, particularly given Hut 8's heavy reliance on BTC price performance for mining revenue and valuation. Hut 8’s operational metrics remain stable, with its mining hash rate holding steady at 1.3 exahashes per second and power costs averaging $0.038 per kilowatt-hour. However, with Bitcoin’s market cap retreating from a recent peak of $2.2 trillion to $2.07 trillion, the company’s revenue projections for Q4 2025 have been revised downward by 8.5%, according to internal operating updates. The stock’s decline outpaced the broader S&P 500’s 0.7% drop, highlighting sector-specific risk. The sell-off affected other crypto-linked equities, with Marathon Digital (MARA) down 9.4% and Riot Platforms (RIOT) falling 11.1%. Institutional investors, including BlackRock and Fidelity, adjusted positions in crypto ETFs and miner stocks in response to the BTC correction. Market analysts suggest the current dip may be short-term, but a sustained break below $80,000 could pressure HUT’s cash flow and trigger further liquidity concerns.