Reported 1 day ago
Hut 8 Corp. (NASDAQ:HUT) saw a significant decline of 7.4% after its subsidiary, American Bitcoin Corp. (NASDAQ:ABTC), experienced a disappointing market debut, falling 12.8% on its opening day and 20.27% the following day. The drop in American Bitcoin's share price, along with a slight decrease in Bitcoin prices, affected investor sentiment, snapping Hut 8's eight-day winning streak. Despite potential growth for Hut 8, analysts suggest that other AI stocks may offer better returns.
Source: YAHOO