On September 14, Hut 8 Mining Corp fell 8.09% in regular trading, trading at $90.2/share, with turnover of $72.18 million. The sharp decline came as three major AI giants publicly called for slowing the pace of AI model development, sending shockwaves through the cloud computing infrastructure sector.

The announcement triggered a broad selloff among cloud computing service providers, with NEBIUS and CoreWeave falling over 6%, while Hewlett Packard Enterprise dropped over 5%, and Cerebras, IREN, and WhiteFiber each fell over 4%. The sector-wide downturn reflected investor concerns that a slowdown in AI model research could undermine the aggressive capacity expansion narrative that had fueled recent gains.

Notably, Hut 8 had previously rallied on a series of major catalysts, including Anthropic's $35 billion cloud computing agreement with Lambda — housed at Hut 8's Beacon Point campus in Texas — and NVIDIA's two 15-year leases covering 704 MW of IT capacity worth up to $50 billion with renewal options. However, the fact that Anthropic's own CEO was among those urging restraint created a sharp reversal in sentiment, amplifying profit-taking pressure on stocks that had benefited most from the prior AI infrastructure buildout thesis.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)