HUT - Bitcoin Mining Stock Hut 8 Is Moving Higher Monday: What's Going On? | Benzinga
Hut 8 Corp (NASDAQ:HUT) shares are trading higher Monday after the company announced the closing of a $150 million investment.
What Happened: Bitcoin (CRYPTO: BTC) mining company Hut 8 said it closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management.
Hut 8 shares may also be getting a lift on Monday from a rise in the price of bitcoin. Bitcoin was up 1.83% at $62,680 at the time of publication, according to Benzinga Pro.
Hut 8 was recently selected to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution. The reconstitution goes into effect on Monday.
Hut 8 is an energy infrastructure ...