Why Bitcoin And Ethereum Mining Stock Hut 8 Mining Is Surging Today

Hut 8 Mining Corp (NASDAQ: HUT) is trading significantly higher Friday after DA Davidson initiated coverage on the stock with a Buy rating and announced a price target of $20.

Hut 8 Mining is also trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

The cryptocurrency markets are rallying ahead of Bitcoin futures ETF application rulings that are expected to come as soon as next week.

Bitcoin was up 4.39% at $59,968 over a 24-hour period at publication time. Ethereum was up 0.71% at $3,797.30 over a 24-hour period at publication time.

Hut 8 Mining is an innovation-focused digital asset miner located in Alberta, Canada. The company specializes in Bitcoin and Ethereum mining.

HUT Price Action: Hut 8 Mining has traded as high as $11.29 and as low as $3.15 over a 52-week period.

The stock was up 12.50% at $11.87 at time of publication.

Photo: Miloslav Hamřík from Pixabay.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.


*