Hut 8 Stock Surges Over 30% Following $9.8B Deal

BTC

BTC/USDT

$79,961.15

+0.12%

$79,961.15

+0.12%

(24s)

24h Volume

$6,936,952,767.53

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0023%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,918.01

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,918.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

Cointelegraph Staff

(06:58 PM UTC)

1 min read

Updated byMichael Roberts

0 comments

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…