Community Articles
via Cointelegraph · By Cointelegraph Staff
Hut 8 Stock Surges Over 30% Following $9.8B Deal
BTC
BTC/USDT
$63,198.01
+0.21%
$63,198.01
+0.21%
(24s)24h Volume
$4,601,031,300.84
24h H/L
$63,390.00 / $62,716.00
Change: $674.00 (1.07%)
Long/Short
69.0%
Long: 69.0%Short: 31.0%
Funding Rate
+0.0024%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(06:58 PM UTC)
1 min read
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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