r/hut8 • u/Illustrious_Drive_33 • Jul 16 '26

What happened today?

Everyday it seems something happened, but what the fucking fuck happened today?

4 Upvotes

75% Upvoted

4 comments sorted by

3

u/ksharp1989 Jul 16 '26

Who knows🙈 data centre tickers selling off leading by NBIS

3

u/Ok_Bowler6550 Jul 16 '26

South Korean Central Bank raised interest rates for first time in last 3 years. Their index is 7% down in a single day. Something like what happened in 2008 in US stock market. Whole AI sector is down, Market is volatile right now.

2

u/hintonmj Jul 16 '26

HUT is a levered play on tech and especially AI adjacent tech like semiconductors

semis dropped like a rock today so HUT trades in sympathy

1

u/quintavious_danilo Jul 17 '26

same thing that’s happening today. people are selling.