Stock Track | Hut 8 Mining Soars 5.85% Pre-market as Bitcoin Hits 2-1/2 Month High

Stock Track

May 08, 2025

Hut 8 Mining Corp (HUT) shares surged 5.85% in pre-market trading on Thursday, as cryptocurrency-related stocks rallied following Bitcoin's climb to a 2-1/2 month high of $99,598. The significant uptick in Bitcoin's value has sparked renewed interest in crypto mining companies, with Hut 8 Mining being one of the primary beneficiaries.

The broader crypto market is experiencing a notable upswing, with several other crypto-related stocks also posting impressive gains. Riot Platforms and Marathon Digital Holdings are up 4.2% and 4.3% respectively, while Coinbase Global, a major cryptocurrency exchange, has risen 3.6%. This collective surge underscores the strong correlation between Bitcoin's performance and the stock prices of companies operating in the cryptocurrency ecosystem.

As Bitcoin approaches the psychologically important $100,000 mark, investors are showing increased optimism towards crypto mining operations. Hut 8 Mining, with its significant Bitcoin holdings and mining capacity, stands to benefit substantially from this upward trend. The company's pre-market rally reflects growing expectations of improved profitability and heightened investor interest in the crypto mining sector.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1197418458"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1197418458\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1197418458?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-08 16:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1197418458","market":"hk","top_or_hot":-1,"title":"Stock Track | Hut 8 Mining Soars 5.85% Pre-market as Bitcoin Hits 2-1/2 Month High","media":"Stock Track","content":"<p>Hut 8 Mining Corp (HUT) shares surged 5.85% in pre-market trading on Thursday, as cryptocurrency-related stocks rallied following Bitcoin's climb to a 2-1/2 month high of $99,598. The significant uptick in Bitcoin's value has sparked renewed interest in crypto mining companies, with Hut 8 Mining being one of the primary beneficiaries.</p>\n\n<p>The broader crypto market is experiencing a notable upswing, with several other crypto-related stocks also posting impressive gains. Riot Platforms and Marathon Digital Holdings are up 4.2% and 4.3% respectively, while Coinbase Global, a major cryptocurrency exchange, has risen 3.6%. This collective surge underscores the strong correlation between Bitcoin's performance and the stock prices of companies operating in the cryptocurrency ecosystem.</p>\n\n<p>As Bitcoin approaches the psychologically important $100,000 mark, investors are showing increased optimism towards crypto mining operations. Hut 8 Mining, with its significant Bitcoin holdings and mining capacity, stands to benefit substantially from this upward trend. The company's pre-market rally reflects growing expectations of improved profitability and heightened investor interest in the crypto mining sector.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Hut 8 Mining Soars 5.85% Pre-market as Bitcoin Hits 2-1/2 Month High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Hut 8 Mining Soars 5.85% Pre-market as Bitcoin Hits 2-1/2 Month High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-05-08 16:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hut 8 Mining Corp (HUT) shares surged 5.85% in pre-market trading on Thursday, as cryptocurrency-related stocks rallied following Bitcoin's climb to a 2-1/2 month high of $99,598. The significant uptick in Bitcoin's value has sparked renewed interest in crypto mining companies, with Hut 8 Mining being one of the primary beneficiaries.</p>\n\n<p>The broader crypto market is experiencing a notable upswing, with several other crypto-related stocks also posting impressive gains. Riot Platforms and Marathon Digital Holdings are up 4.2% and 4.3% respectively, while Coinbase Global, a major cryptocurrency exchange, has risen 3.6%. This collective surge underscores the strong correlation between Bitcoin's performance and the stock prices of companies operating in the cryptocurrency ecosystem.</p>\n\n<p>As Bitcoin approaches the psychologically important $100,000 mark, investors are showing increased optimism towards crypto mining operations. Hut 8 Mining, with its significant Bitcoin holdings and mining capacity, stands to benefit substantially from this upward trend. The company's pre-market rally reflects growing expectations of improved profitability and heightened investor interest in the crypto mining sector.</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":"1197418458","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197418458","pubTimestamp":1746692066,"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  shares surged 5.85% in pre-market trading on Thursday, as cryptocurrency-related stocks rallied following Bitcoin's climb to a 2-1/2 month high of $99,598. The significant uptick in Bitcoin's value has sparked renewed interest in crypto mining companies, with Hut 8 Mining being one of the primary beneficiaries.The broader crypto market is experiencing a notable upswing, with several other crypto-related stocks also posting impressive gains. Riot Platforms and Marathon Digital ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HUT":"Hut 8 Mining Corp"},"translate_title":"比特币创两个半月新高，Hut 8 Mining盘前飙升5.85%","themeId":"73d20577cb3628aa2ed6bbcc5518e6fb","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUT":1},"content_text":"Hut 8 Mining Corp (HUT) shares surged 5.85% in pre-market trading on Thursday, as cryptocurrency-related stocks rallied following Bitcoin's climb to a 2-1/2 month high of $99,598. The significant uptick in Bitcoin's value has sparked renewed interest in crypto mining companies, with Hut 8 Mining being one of the primary beneficiaries.\nThe broader crypto market is experiencing a notable upswing, with several other crypto-related stocks also posting impressive gains. Riot Platforms and Marathon Digital Holdings are up 4.2% and 4.3% respectively, while Coinbase Global, a major cryptocurrency exchange, has risen 3.6%. This collective surge underscores the strong correlation between Bitcoin's performance and the stock prices of companies operating in the cryptocurrency ecosystem.\nAs Bitcoin approaches the psychologically important $100,000 mark, investors are showing increased optimism towards crypto mining operations. Hut 8 Mining, with its significant Bitcoin holdings and mining capacity, stands to benefit substantially from this upward trend. The company's pre-market rally reflects growing expectations of improved profitability and heightened investor interest in the crypto mining sector.","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"}}}