Strength Seen in Hut 8 (HUT): Can Its 8.8% Jump Turn into More Strength?
HUTHut 8 Mining p(HUT) ZACKS·2024-06-21 18:41

Hut 8 (HUT) shares ended the last trading session 8.8% higher at $13.01. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 21.4% gain over the past four weeks. The Bitcoin rally is expected to resume soon as the halving event was completed earlier this year. The halving event, which occurs every four years, reduces the block reward by 50%, aiming to cap the total supply of Bitcoin at 21 million coins. This reduction ...