Hut 8 Craters 11% Despite a $19.6B Beacon Point Backlog, TeraWulf Falls 5%, IREN Drops 3%: What’s Pressuring These AI Miner Stocks?
Quick Read – Hut 8 and TeraWulf’s Friday declines mirror their 2026 gains exactly, with profit-taking driving the sell-off rather than any contract or economic reassessment. – DTCR’s 0.6% dip versus double-digit miner losses confirms traders are rotating out of high-beta AI infrastructure plays, not repricing sector demand. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Hut 8 didn’t make the cut
Grab the names FREE today. Friday’s selling in AI-pivoting Bitcoin (CRYPTO:BTC) miners tracks their 2026 gains almost perfectly, a signature of profit-taking and position unwinding rather than a reassessment of any company’s contracts or economics. Hut 8 (NASDAQ:HUT) stock is down 11% to $78.54 in Friday morning trading, the group’s worst decliner despite carrying the largest signed AI data center backlog among former miners.
There’s no same-day announcement behind the move. Meanwhile, TeraWulf (NASDAQ:WULF) stock is sliding 5% to $15.58, a more moderate drop mirroring its smaller year-to-date advance. Also lower, IREN (NASDAQ:IREN) stock is falling 3% to $41.20, the mildest decline and consistent with its slimmer 2026 gain.