TSX open
Loading markets…
Stocks

Hut 8 Is Down 12.8% This Week. What's Behind the Move?

By Wealth Awesome -

Follow live quotes and coverage.

Stocks & ETFs:HUT.TO

Follow HUT

Photos provided by Pexels

Hut 8 Mining Corp. (HUT.TO) shares fell 12.77% over the past week. The supplied information does not identify a company-specific news catalyst, so the reason for the decline remains unclear. The latest listed close was C$84.73.

Investor takeaway: The shares had a sharp weekly decline, but the available facts don’t establish what caused it.

Hut 8 fell 12.77% in one week

Hut 8 Mining Corp

HUT.TO

Full stock page →

HUT.TO

Hut 8 Mining Corp

Source:WealthAwesomeWealthAwesome
↓ $69.96 (-47.63%)
120 day period
$76.93$130.50$184.08May 12Aug 7Nov 2

Market cap

$9.48B

52W high

$194.28

52W low

$44.82

1W change

-12.77%

Beta

6.08

Analyst Price Targets

Based on analyst covering HUT · as of Sep 17, 2026

📉

Wall Street analysts forecast HUT stock price to fall 80.8% over the next 12 months.

Consensus

Bearish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$14.79

-80.8% Upside

Current Price

C$76.93

Last close

Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on HUT's historical volatility

HistoricalForecast68%95%
C$21.24C$55.95C$90.66C$125.37C$160.08C$194.79TodayJun 24Aug 28Nov 2Dec 15Jan 28Mar 12

30-Day Vol

90.2%

Annualized

90-Day Vol

101.5%

Annualized

Trend (90d)

-50.0%

Annualized drift

90d Mean

C$64.35

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$72.48C$53.10 – C$98.95
60 trading daysC$68.30C$43.98 – C$106.05
90 trading daysC$64.35C$37.54 – C$110.32

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

The latest close was C$84.73. Trading volume was 130,232 shares, below the 20-day average of 673,589.

Bull case

The shares are still up 9.29% year to date. The latest close sits at 27% of the stated 52-week range.

Bear case

The shares fell 12.77% over the week and 39.87% over the month. The supplied fundamentals also show negative EPS, profit margin and return on equity.

What happened: a 12.77% weekly decline

Hut 8 shares lost 12.77% over the past week, according to the supplied performance figures. No company news or other explanation was provided, so the decline can’t be tied to a specific announcement or event. See the Hut 8 stock page for company and share details.

What the numbers show: C$84.73 close and lower volume

The latest listed close was C$84.73. The shares were down 7.16% over one day and 39.87% over one month, but up 9.29% year to date. Volume was 130,232 shares, compared with a 20-day average of 673,589; the supplied volume comparison is 1.18x.

The close was 27% of the stated 52-week range, from C$44.82 to C$194.28. The price was also 28.1% below its 50-day moving average and 26.1% below its 200-day moving average. These figures describe the stock’s performance, but they don’t explain the decline.

What to watch next: no company-specific information supplied

The supplied facts include no company news or upcoming event linked to the weekly decline. Investors can watch for future company disclosures, while treating any explanation as unconfirmed until there’s evidence to support it.

The supplied fundamentals show trailing EPS of -7.49, a profit margin of -188.6% and return on equity of -43.4%. These figures provide context but don’t explain this week’s trading. The Hut 8 analyst-ratings page lists an average target of C$14.79. That’s an analyst estimate, not a confirmed explanation for the weekly move.

Wealth Awesome
Written by

Wealth Awesome

Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.

View Full Profile →

✅ Reviewed by Certified Financial Professionals

This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.

Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.

📊 Data AccuracyVerified sources
🇨🇦 Canadian FocusLocal expertise
🔍 Fact-CheckedEditorial review

⚠️ Professional Disclaimer

This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.

Published: November 3, 2026
Last Updated: November 3, 2026

Core portfolio

Awesome Portfolio™

14.8% a year since 2017, against 9.7% for the S&P/TSX Composite. Ten stocks, easy to manage. We update it once a month.

Annualized

+14.8%

Awesome Portfolio™

+9.7%

S&P/TSX

+5.0 pp better a year

Total return

+254%

Awesome Portfolio™

+134%

S&P/TSX

+119 pp better than the TSX

2017-07-31 to 2026-09-29, dividends reinvested, before fees and tax.

Awesome Portfolio™S&P/TSX CompositeCumulative return · 2017-07-31–2026-09-29
-11.7%42.5%96.7%150.9%205.1%259.3%Jul 17Oct 19Feb 22Jun 24Sep 26