Hut 8's MACD Death Cross & Bollinger Bands Narrowing Signal Weakness

Hut 8's 15-minute chart has recently exhibited several bearish technical indicators. Specifically, the MACD (Moving Average Convergence Divergence) indicator has crossed below its signal line, a phenomenon known as a Death Cross. Additionally, the Bollinger Bands, which are a measure of volatility, have narrowed significantly, indicating a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ (KST Divergence Indicator) has also crossed below its signal line, resulting in a Death Cross at the aforementioned date and time. These indicators collectively suggest that Hut 8's stock price has the potential to continue declining, with a decrease in momentum and a potential further decrease in the stock price's fluctuations.

Dallas, TX – September 12, 2025 – Hut 8 Corp. (NASDAQ: HUT), a company known for its digital asset mining operations, has recently exhibited several bearish technical indicators on its 15-minute chart. Specifically, the Moving Average Convergence Divergence (MACD) indicator has crossed below its signal line, a phenomenon known as a Death Cross. Additionally, the Bollinger Bands, which measure volatility, have narrowed significantly, indicating a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ (KST Divergence Indicator) has also crossed below its signal line, resulting in a Death Cross at the aforementioned date and time. These indicators collectively suggest that Hut 8's stock price has the potential to continue declining, with a decrease in momentum and a potential further decrease in the stock price's fluctuations Hut 8 Forges New Path: AI Expansion Ignites Valuation as Subsidiary Taps Industry Heavyweight Auditor^[1].

Despite these technical challenges, Hut 8 has been rapidly transforming its business model, pivoting towards artificial intelligence (AI) and high-performance computing (HPC) infrastructure. This strategic shift includes a massive data center expansion and the launch of new AI services, which has ignited investor optimism and significantly impacted the company's valuation Hut 8 Forges New Path: AI Expansion Ignites Valuation as Subsidiary Taps Industry Heavyweight Auditor^[1].

On September 27, 2025, Hut 8's subsidiary, American Bitcoin, announced the appointment of KPMG as its new auditor, signaling a push for greater transparency ahead of its anticipated public listing Hut 8 Forges New Path: AI Expansion Ignites Valuation as Subsidiary Taps Industry Heavyweight Auditor^[1]. This move underscores a commitment to robust corporate governance and financial integrity, crucial elements for attracting and retaining investor confidence in a dynamic market.

Hut 8's strategic redirection into AI infrastructure has been swift and substantial, characterized by several key initiatives and a clear timeline of events. In a significant show of confidence, Hut 8 secured $150 million in funding through a convertible note from Coatue Management, a leading tech-focused investment firm Hut 8 Forges New Path: AI Expansion Ignites Valuation as Subsidiary Taps Industry Heavyweight Auditor^[1]. This investment not only provides substantial capital but also serves as a strong external validation of Hut 8's strategic vision.

The company's ambitions were further solidified on August 20, 2025, when it broke ground on a colossal $2.5 billion artificial intelligence data center in West Feliciana Parish, Louisiana Hut 8 Forges New Path: AI Expansion Ignites Valuation as Subsidiary Taps Industry Heavyweight Auditor^[1]. The initial phase of this monumental project includes two 450,000-square-foot buildings, with the first slated for completion by the end of 2025 and the second by the close of 2026. An undisclosed tenant is already on board, committing to equip the center with an estimated $10 billion worth of computing hardware and materials.

Adding to this impressive growth trajectory, Hut 8 announced plans to develop four new sites across the United States, projected to add more than 1.5 gigawatts (GW) of total capacity Hut 8 Forges New Path: AI Expansion Ignites Valuation as Subsidiary Taps Industry Heavyweight Auditor^[1]. This expansion is set to more than double the company's operational platform, bringing its total capacity under management to over 2.5 GW across 19 sites upon commercialization, significantly broadening its geographic footprint and ability to meet the escalating demand for energy-intensive use cases.

Most recently, on September 26, 2025, Hut 8 officially launched its GPU-as-a-service program in collaboration with AI developers AdvizeX Hut 8 Forges New Path: AI Expansion Ignites Valuation as Subsidiary Taps Industry Heavyweight Auditor^[1]. This service leverages Hewlett Packard Enterprise supercomputers, powered by a cluster of 1,000 Nvidia H100 GPUs, directly addressing the critical need for advanced AI computing resources.

While Hut 8's strategic pivot into AI infrastructure positions it as a significant potential winner in the evolving digital economy, the company faces technical challenges that may impact its stock price in the short term. Investors should closely monitor the progress of Hut 8's AI infrastructure projects and the broader market trends to assess the company's long-term prospects.