[US Stock Movement] Hut 8 plunged on October 13: Weakening AI infrastructure, order differentiation, and pullback from high levels
Bitget异动解读2026/10/13 13:36Analysis of Hut 8's Sharp Decline on October 13
Keywords: Weakening AI infrastructure, order divergence, high-level correction
1. On October 12, 2026, Applied Digital reported a widening quarterly loss, rising interest expenses, and a relatively high debt level, which pressured the AI data center and former Bitcoin mining sectors. Related stocks like HUT also weakened in tandem.
2. On October 12, 2026, it was reported that IREN secured a multi-year cloud service order from Anthropic, while Hut 8 has not disclosed similar new orders. This divergence in industry orders has weakened Hut 8's short-term valuation catalysts.
3. On October 8, 2026, following a significant single-day pullback, HUT remains in a short-term high-level adjustment phase; as of October 13, 2026, the cumulative decline over the past five days is 13.42%, with technical selling pressure persisting.
(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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