Hut 8 Corp

HUT remains in a Stage 4 decline with a bearish medium-term bias reinforced by the active Bearish Pivot Point pattern and persistent lower highs and lows. Price trades below the declining EMAs and has broken below the 50-day SMA on accelerating volume, with RSI in oversold territory yet lacking exhaustion signals. Short-term momentum is negative, and with no signs of structural repair, we will sell now on continuation into the lower support zone around recent lows.

• ↑Revenue surged 45% YoY to $235.1M, led by compute segment doubling to $202.3M
• ↑Gross margin expanded to 54% from 47% on improved operating leverage
• ↓Net loss widened to $248M, including $220M unrealized Bitcoin mark-to-market loss