Why These 15 Crypto Stocks Have Been Plunging In 2025

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4. Hut 8 Corp (NASDAQ:HUT)

Number of Hedge Fund Holders In Q4 2024: 34

Hut 8 Corp (NASDAQ:HUT) is a vertically integrated energy infrastructure operator and Bitcoin mining company.

The stock is down significantly so far in 2025 due to Hut 8 reporting a sharp reduction in its Bitcoin mining output in February 2025. It produced only 46 Bitcoins compared to 65 in January.

This was due to a decrease in the deployed hash rate from 5.0 EH/s to 4.6 EH/s, compounded by a 3.7% increase in the average network hash rate.

In January, Hut 8 experienced operational downtime during infrastructure upgrades and implemented dynamic curtailment at its Alpha site due to elevated power prices. These disruptions also somewhat spooked investors.

The consensus price target of $29.89 implies 121.24% upside.

HUT stock is down 34.07% year-to-date.

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