Hut 8 stock jumps 12% to start 2026 as Coinbase boosts bitcoin-backed credit line — what to watch next
Hut 8 shares jumped 11.6% to $51.27 Friday after the company increased its bitcoin-backed credit facility with Coinbase to $200 million and drew the full amount. The stock traded between $46.83 and $52.61, with about 6.5 million shares changing hands. Other crypto miners also rallied as bitcoin rose 1.5% to $91,286. Hut 8 plans to use the loan proceeds for general corporate purposes.