HUT - Hut 8 Shares Are Surging Wednesday: What You Need To Know | Benzinga
Hut 8 Corp (NASDAQ:HUT) shares are trading higher on Wednesday afternoon amid broader strength in crypto-related stocks, driven by a softer-than-expected May CPI report.
What Happened: The U.S. inflation rate for May came in lower than anticipated, with the annual CPI inflation rate dropping from 3.4% to 3.3%, below the economist consensus of 3.4%. On a monthly basis, the CPI inflation rate stalled, decelerating to 0.1%, below expectations.