On July 29, Hut 8 Mining Corp declined 5.08% in regular trading, trading at $95.13/share with turnover of $34.91 million, extending the prior session's losses.

The decline follows a classic sell-the-news pattern. On July 28, the Financial Times confirmed that Nvidia is the tenant for Hut 8's 1-gigawatt Beacon Point data center campus in Texas, with the contract's potential total value reaching $50 billion over 30 years including renewal options. However, this information was substantially priced in on July 20, when Hut 8 announced signing a second 15-year, $9.8 billion lease with a \"high-investment-grade customer\" for 352 MW of IT capacity, fully commercializing the site's 1 GW utility capacity. Shares surged over 14% on that date. The subsequent FT report merely confirmed the tenant's identity as Nvidia, offering limited incremental information.

Additionally, with earnings scheduled for August 4 and consensus EPS expected at -$0.47, near-term fundamental pressure is also suppressing bullish sentiment.

(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.)