Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Hut 8 Mining Stock Popped Today

TheMotleyFool

0 0

Shares of cryptocurrency mining company Hut 8 Mining (NASDAQ: HUT) were up on Thursday even though the company didn't have any news to report. Since this is new to the U.S. stock market, investors are likely still getting to know the company and digesting its news from yesterday. As of 2:30 p.m. EDT, Hut 8 stock was up 11%.

Hut 8 completed its listing in the U.S. a couple of weeks ago even though it was already publicly listed in Canada. The company mines both Bitcoin and Ether, the tokens that run the Ethereum blockchain, and it's using the proceeds from its U.S. listing to increase its mining capabilities.

Image source: Getty Images.

Source Fool.com

Like: 0

HUT

Share