via Cointelegraph · By Cointelegraph Staff
Hut 8 Stock Surges Over 30% Following $9.8B Deal
BTC/USDT
$33,695,598,981.30
$60,759.99 / $58,337.00
Change: $2,422.99 (4.15%)
+0.0038%
Longs pay
Investors appeared to disregard Hut 8's reported first quarter 2026 net loss of more than $253 million on Wednesday, lifting the shares of the Bitcoin mining company by more than 33%.
Hut 8 attributed the loss to a reduction in the market value of its Bitcoin (BTC) holdings, which fell from a high of over $126,000 apiece in October to a low of $60,000 in February.
Revenue for quarter totaled more…
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