Hut 8 stock price forms cup-and-handle ahead of earnings
Hut 8 stock price has risen for three consecutive months and is nearing its highest level this year as the company prepares to publish its financial results.
Hut 8, a top company in the Bitcoin (
$BTC ) mining and an upcoming artificial intelligence data center industry, rose to $57, up by over 1,285% from its lowest level in 2023. This surge has brought its market capitalization to over $6.2 billion.
Hut 8 has done well despite the ongoing Bitcoin price crash because of its pivot to the data center industry. It recently entered a major