Hut 8 Mining Corp Stock News

Hut 8 Corp.'s new venture with Eric Trump aims to boost its Bitcoin mining capacity. The stock is near a potential bottom, with positive divergences on momentum indicators, but confirmation requires breaking above the 20-day EMA. Bitcoin's performance is crucial for Hut 8's bull case, though current market conditions are risk-off, creating risk to the stock.

Bitcoin mining platform Hut 8 (HUT) and Donald Trump's sons have joined forces to launch a new firm called American Bitcoin focused exclusively on "industrial-scale Bitcoin mining and strategic Bitcoin reserve development."

Eric Trump, Donald Trump Jr. partnered with Hut 8 to launch a new bitcoin mining venture, called American Bitcoin. Bitcoin price falls.

Hut 8 said on Monday it had joined hands with President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin.

American Bitcoin Highlights American Bitcoin aims to become the world's largest, most efficient pure-play miner while building a robust strategic Bitcoin reserve Path to 50+ EH/s at average fleet efficiency of

President Donald Trump's plans to create a strategic crypto reserve generated sector tailwinds earlier this month.

Four months ago, I recommended holding off on Hut 8 due to its inflated valuation despite a decent Q3 report. More recently, HUT 8 was able to grow total revenue by 69% for the full year 2024. Gross margins improved, but the company still lost money during the year. The reported $338 million in positive net income for 2024 was entirely due to a $509 million unrealized gain in the company's Bitc...

The cryptocurrency market is officially crashing as marketwide bearish sentiment triggers a sell-off among speculators. While the current cryptocurrency crash has been bad news for tokens and blockchain stock values, some investors are taking it as an opportunity to add high-tech holdings to their portfolios.