Stock Track | Hut 8 Mining Corp Surges 5.85% Pre-market as Bitcoin Hits $99,598, a 2.5-Month High

Stock Track

May 08, 2025

Hut 8 Mining Corp (HUT) saw its stock soar 5.85% in pre-market trading on Thursday, as cryptocurrency-related stocks rallied across the board. The surge comes on the heels of Bitcoin reaching a two-and-a-half-month high of $99,598, sparking renewed interest in crypto mining companies and other crypto-related businesses.

The broader crypto market is experiencing a significant uptick, with several other notable players in the space also seeing pre-market gains. Riot Platforms and Mara Holdings are up 4.2% and 4.3% respectively, while Coinbase Global has risen 3.6%. Bitcoin-focused ETFs are also benefiting from the rally, with ProShares Bitcoin Strategy ETF up 3.5% and iShares Bitcoin Trust gaining 3.4%.

This widespread rally in crypto stocks underscores the strong correlation between Bitcoin's price movements and the performance of companies operating in the cryptocurrency ecosystem. As Bitcoin approaches the psychologically important $100,000 mark, investors appear to be positioning themselves for potential further gains in the sector, with mining companies like Hut 8 Mining Corp standing to benefit significantly from higher Bitcoin prices.

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The surge comes on the heels of Bitcoin reaching a two-and-a-half-month high of $99,598, sparking renewed interest in crypto mining companies and other crypto-related businesses.</p>\n\n<p>The broader crypto market is experiencing a significant uptick, with several other notable players in the space also seeing pre-market gains. Riot Platforms and Mara Holdings are up 4.2% and 4.3% respectively, while Coinbase Global has risen 3.6%. Bitcoin-focused ETFs are also benefiting from the rally, with ProShares Bitcoin Strategy ETF up 3.5% and iShares Bitcoin Trust gaining 3.4%.</p>\n\n<p>This widespread rally in crypto stocks underscores the strong correlation between Bitcoin's price movements and the performance of companies operating in the cryptocurrency ecosystem. As Bitcoin approaches the psychologically important $100,000 mark, investors appear to be positioning themselves for potential further gains in the sector, with mining companies like Hut 8 Mining Corp standing to benefit significantly from higher Bitcoin prices.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUT","symbol_name":"Hut 8 Mining Corp","start_time":0,"source_url":"","article_id":"1170793993","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170793993","pubTimestamp":1746692072,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hut 8 Mining Corp  saw its stock soar 5.85% in pre-market trading on Thursday, as cryptocurrency-related stocks rallied across the board. 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As Bitcoin approaches the psychologically important $100,000 mark, investors appear to be positioning themselves for potential further gains in the sector, with mining companies like Hut 8 Mining Corp standing to benefit significantly from higher Bitcoin prices.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}