Hut 8 shares see a jump — What is fueling the stock rise

Traders Union
All News
Financial News
Hut 8 rises 3.79% today to $50.59

Highlights

Hut 8 reported a net loss of $248 million, mainly driven by a $220 million unrealized Bitcoin mark-to-market loss in Q4.
Adjusted EBITDA swung to a $135.4 million loss, while the company separately closed its first AI data center partnership with Anthropic and Fluidstack.
Technicals suggest recent short- and medium-term selling pressure is moderating, with price likely to consolidate between $46.76 and $55.49 next week.

Net loss and asset carve-out as Bitcoin revaluation drives sentiment

Hut 8 recently reported a net loss of $248 million for the quarter, largely due to a $220 million unrealized Bitcoin mark-to-market loss, as disclosed during its Q4 earnings call. Adjusted EBITDA turned negative to a $135.4 million loss, compared to the previous year's profit. The company announced a carve-out of legacy mining assets into American Bitcoin and secured its first AI data center deal and partnership with Anthropic and Fluidstack, alongside reporting a significant increase in institutional ownership.

Anton Kharitonov, expert at Traders Union, notes persistent short- and medium-term technical weakness for Hut 8 as it trades under both its MA-20 and MA-50. He sees the deep quarterly net loss and negative EBITDA as a fundamental red flag, with unrealized Bitcoin losses stressing the bottom line. Despite some support from institutional inflows and the new data center partnership, he remains skeptical about near-term upside given mixed technical signals and pronounced headwinds. Kharitonov warns that the $48–$49 support area looks vulnerable if selling pressure resumes. "Unless Hut 8 quickly reclaims the $53.21 level, I expect further downside risk to dominate the technical outlook."

Viktoras Karapetjanc, expert at Traders Union, views Hut 8’s long-term structure as bullish despite short-term volatility. He highlights the rising institutional ownership and strategic shift with carve-outs and AI data partnerships as signals of evolving business strength. Karapetjanc believes the marked increase in institutional interest, alongside multiple weekly bullish signals, supports a constructive stance. "If price consolidates above $48, the bullish structure remains intact and further growth toward $55 looks likely."

Conflicting momentum signals as sellers test dynamic resistance

The current price of $50.59 is below both the MA-20 at $53.17 and MA-50 at $54.92, but significantly above the MA-200 at $37.06. This setup indicates prevailing short- and medium-term pressure from sellers, while the long-term trend retains underlying support. The Ichimoku Kijun sits at $53.21, establishing nearby dynamic resistance, with the $48–$49 range acting as dynamic support.

Momentum signals on the D1 are mixed. The MACD is negative and bearish, while ADX shows weak trend strength. RSI is mildly negative, and CCI signals oversold conditions, aligning with BBP readings that highlight recent seller dominance, although Stoch RSI registers a strong buy. The daily move is up 3.79% to $50.59, with a modest upward gap at the open, and the price is positioned near today’s high of $50.95 within a moderate volatility session. The prevailing intraday tone is one of strength toward session highs, but oscillators and momentum indicators present conflicting signals, suggesting buyers are attempting to reverse a previously oversold environment.

Previously it was reported that Hut 8 Corp. is trading below its short- and medium-term moving averages but remains above the long-term MA-200, indicating ongoing short-term weakness while retaining long-term support. Despite persistent selling pressure and resistance near $54.94, the price may stabilize if support above the MA-200 holds.

Source of Data: HUT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.