TSX:HUT.TO 14 October 2025

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. Hut 8’s Toronto-listed shares hit a fresh 52-week high around C$70 on October 14 after a 15% single-day jump Financialcontent. U.S.-listed shares also rallied to roughly $49 before seeing minor profit-taking Marketbeat. Year-to-date, Hut 8 has now nearly doubled in 2025, vastly outperforming the broader market ts2.tech. This surge has elevated Hut 8’s market capitalization to about $4–5 billion ts2.tech – putting it on par with mid-tier peers like Bitdeer and narrowing the gap with industry leaders Marathon and Riot ts2.tech.