Hut 8 Stock Skyrockets on Bitcoin Boom, Trump-Backed Spinoff Debut, and Bold Energy Pivot
Hut 8’s share price has been on a tear in recent weeks, riding the wave of a renewed crypto bull market. Bitcoin’s price spiked above $115,000 in late September/early October – a level not seen in years – amid optimism around a potential U.S. Bitcoin ETF approval and pro-crypto regulatory moves ts2.tech. This Bitcoin boom has had an amplified effect on mining stocks, which are high-beta plays on crypto prices. For example, Marathon Digital’s stock leapt ~17% and Hut 8’s ~18% in late September trading alone ts2.tech.