On June 18, Hut 8 Mining Corp rose 5.74% in regular trading, trading at $120.32/share, with turnover of $43.63 million. The stock continued its rebound trajectory as multiple catalysts sustained bullish momentum.

On the news front, the company recently appointed E. Stanley O'Neal, former chairman and CEO of Merrill Lynch, as board chairman effective immediately, replacing William Tai who remains as a director. Additionally, the company's subsidiary Beacon Point DC successfully priced $4.25 billion in investment-grade senior secured notes at a 6.129% coupon rate maturing in 2042, providing fully amortizing project financing for a 352MW data center in Texas with no recourse to the parent company. The project has secured a 15-year lease agreement with a guaranteed value of $9.8 billion and a maximum potential value of $25.1 billion.

The dual catalysts of a high-profile management upgrade and large-scale non-recourse project financing have continued to bolster market confidence in the company's data center expansion strategy.

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