Bitcoin's Decline Causes MSTR's Largest Single-Day Drop in Over a Year – Yet Three Other Crypto Stocks Suffered More Losses

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 13h ago

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HUT+15.51%

Should l Buy HUT?

Source: stocktwits

MSTR Stock Decline: MSTR's stock plummeted 17.12% on Thursday, marking its largest one-day decline since May 2024, although it was not the worst-performing stock of the day compared to others in the sector.
Retail Sentiment Trends: While most retail sentiment dropped, MARA stood out with an improvement, contrasting with the overall bearish sentiment surrounding Bitcoin-related stocks.
Earnings Report Impact: MSTR reported a significant increase in operating losses of 1,640% during its fourth-quarter earnings, with revenue coming in at $123 million, exceeding Wall Street's expectations.
Market Volatility: The overall cryptocurrency market saw a decline of 8.2%, with Bitcoin's price dropping to around $64,500, raising concerns about potential further drops in the market.

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Analyst Views on HUT

Wall Street analysts forecast HUT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HUT is 24.54 USD with a low forecast of 17.50 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

13 Analyst Rating

13 Buy

0 Hold

0 Sell

Strong Buy

Current: 44.480

Low

17.50

Averages

24.54

High

33.00

Current: 44.480

Low

17.50

Averages

24.54

High

33.00

H.C. Wainwright

Kevin Dede

initiated

$80

2026-02-02

New

Reason

H.C. Wainwright

Kevin Dede

Price Target

$80

AI Analysis

2026-02-02

New

initiated

Reason

H.C. Wainwright analyst Kevin Dede assumed coverage of Hut 8 with a Buy rating and $80 price target. The company has emerged as a "top weight class infrastructure contender within the larger alliances drawn among hyperscalers catering to artificial intelligence developers and users," the analyst tells investors in a research note. The firm says Hut has a "tangible pipeline" of future sites beyond River Bend that anchors the 15-year, $7B Fluidstack and Anthropic deal signed last month.

Roth Capital

Buy

maintain

$60 -> $80

2026-01-27

Reason

Roth Capital

Price Target

$60 -> $80

2026-01-27

maintain

Buy

Reason

Roth Capital raised the firm's price target on Hut 8 (HUT) to $80 from $60 and keeps a Buy rating on the shares following its River Bend lease announcement. The initial 330MW contracted has more legs behind it in terms of economics and size, while discussions with management point to a full backstop from Google (GOOGL) and the deal being scalable beyond 1GW, the analyst tells investors in a research note.

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About HUT

Hut 8 Corp. is an energy infrastructure platform. The Company's segments include Power, Digital Infrastructure, Compute, and Other. The Company's Power segment acquires, develops, and manages critical energy assets such as interconnects, powered land, and other electrical infrastructure to address the load demands of energy-intensive applications such as Bitcoin mining and high-performance computing. Its Power segment consists of power generation and managed services. Its Digital Infrastructure segment consists of CPU Colocation and ASIC Colocation services. The Company's Compute segment consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. The Company, through its subsidiary, American Bitcoin Corp., is focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The Company's platform spans approximately 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Hut 8 Mining Stock Rises on Bitcoin Rebound

2 hours agoBenzinga

Bitcoin Rebound: Bitcoin's price rebounded by 7% to the $68,000 level after a sharp decline, directly driving Hut 8 Mining's stock rise, indicating a restoration of market confidence in cryptocurrencies.
Stock Performance: Hut 8 Mining's shares surged 8.86% to $48.42 on Friday, reflecting investor optimism regarding the crypto market recovery and demonstrating the company's strong performance among its peers.
Market Dynamics: Despite a severe downturn earlier this week that led to double-digit losses for many crypto-related stocks, Hut 8 successfully capitalized on the positive sentiment surrounding Friday's market rebound, showcasing its resilience in a volatile environment.
Industry Comparison: Hut 8 Mining's stock has increased by 131.99% over the past year, significantly outperforming the average peer performance of just 6.65%, highlighting its dominant position and the substantial gap established with competitors.

Cryptocurrency Stocks Recover as Bitcoin Rises 7.86%

5 hours agoBenzinga

Bitcoin Rebound: Bitcoin surged 7.86% to $65,760.87 on Friday, improving market sentiment and alleviating investor concerns about the cryptocurrency market, potentially laying the groundwork for a rebound in related stocks.
Mining Stocks Recovery: MARA Holdings Inc rose 7.88% to $7.26 in premarket trading after plummeting 18.72% on Thursday, indicating strong demand for mining stocks and potentially attracting more investor interest.
Strong Performance by Strategy Inc: Strategy Inc, known for its substantial Bitcoin holdings, saw its stock jump 8.36% to $115.93 in premarket trading, despite a 17.12% selloff on Thursday, reflecting strong fundamentals that continue to attract investor confidence.
Hut 8 Corp Leads Gains: Hut 8 Corp led the recovery with an 8.68% increase to $48.34 in premarket trading after a 17.89% decline on Thursday, suggesting optimistic sentiment about its future growth potential, which may drive more capital into the company.