Hut 8 leads bitcoin mining stocks higher after securing energy supply deal
Main Idea
Hut 8 Corp. (HUT) saw a significant stock price increase after securing a System Operator, contributing to its year-over-year growth.
Key Points
1. Hut 8 Corp. (HUT) led bitcoin mining stocks higher in Wednesday late morning trading, jumping 15%.
2. The stock's rise followed the company securing a System Operator.
3. This development brings Hut 8's year-over-year ascent to 35%.
Description
More on Bitcoin USD, Hut 8 Mining, etc. MARA Holdings: Levered To Post-Halving Bitcoin Cycle Bitcoin: BTC-USD Tactical Breakdown (Technical Analysis) Bitcoin: Price Stays Range-Bound, But July Sentiment Hints At Potential Bullish Breakout (Technical Analysis) Bitcoin could surge to $200K by end of 2025, StanChart predicts Hut 8 secures five-year IESO contracts for 310 MW power
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