📉 Hut 8 shares fall despite growth in AI data center projects

Hut 8’s stock fell after the company announced second-quarter revenue, which came in slightly below expectations. CEO Asher Genuth said that future Bitcoin exposure would come primarily through American Bitcoin. Meanwhile, the company’s AI data center development projects saw growth of about 300 megawatts on a quarter-over-quarter basis.

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📊 Impact: 📈 High
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📰 Source: biztoc.com