Benzinga - Hut 8 Mining Corp. (NASDAQ: HUT) shares are trading higher Tuesday after Bitcoin (CRYPTO: BTC) reached $35,000 for the first time since 2022.
The Details:
Shares of HUT have climbed more than 21% over the last five days as the price of Bitcoin rises and excitement surrounding the potential approval of BlackRock's spot Bitcoin ETF builds.
Hut 8 Mining Corp. is a digital asset miner located in Alberta, Canada.
According to the company, Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally.
Hut 8 Mining has gained the attention of both retail investors and short-sellers. According to data from Benzinga Pro, 8.69% of available HUT shares are being sold short.
Hut 8 Mining stock has a 52-week low of 78 cents and a 52-week high of $4.55.
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HUT Price Action: According to Benzinga Pro, Hut 8 Mining shares are up more than 10% at $2.34 at the time of publication.
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