New York, Jan 5, 2026, 12:22 EST — Regular session
- Hut 8 shares rise about 12% in midday trading as bitcoin gains
- Crypto miners Marathon Digital, Riot Platforms and CleanSpark also advance
- Focus shifts to U.S. payrolls on Jan. 9 and bitcoin’s next leg
Hut 8 Corp shares rose about 12% on Monday, extending a rally in crypto-linked stocks as bitcoin climbed. The Nasdaq-listed stock traded at $57.47 after earlier touching $58.08, up from Friday’s close.
The move matters because miners often act like a leveraged bet on bitcoin: they earn revenue in bitcoin, while many costs such as power and equipment are relatively fixed in the short run. When bitcoin moves, cash-flow expectations can reprice fast, and the equities tend to swing harder.
Investors are also watching U.S. economic signals that can ripple through risk assets, including cryptocurrencies. The Institute for Supply Management’s factory index showed a deeper contraction in December, while Minneapolis Fed President Neel Kashkari told CNBC the unemployment rate could “pop” higher, keeping attention on Friday’s jobs report. 1
Bitcoin was last up about 2.5% at $93,587, according to market data. Marathon Digital rose about 4.5%, Riot Platforms gained about 2.3% and CleanSpark climbed about 5.3%.
Hut 8, once known mainly as a bitcoin miner, has been pitching itself as an energy and digital infrastructure operator as demand rises for power-hungry artificial intelligence computing. In December, the company signed a 15-year lease valued at about $7 billion to develop a 245-megawatt data center at its River Bend campus in Louisiana, Reuters reported. 2
That shift has become a key thread for traders trying to separate “bitcoin beta” from longer-dated data-center execution risk. “Through this partnership, we are aligning power, data center design, and compute deployment into an integrated platform,” CEO Asher Genoot said in a Dec. 17 statement. 3
For now, price action is doing most of the talking. With bitcoin up early in the year, short-term investors are watching whether miners can hold gains if broader markets wobble or if rate expectations shift again.
But the trade cuts both ways. A quick drop in bitcoin can squeeze miners’ margins and funding options, and large build-outs can run into delays or higher financing costs if credit tightens.
