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Sept. 6, 2022, 6:41 a.m. EDT

Hut 8 Mining stock jumps after increasing bitcoin holdings to more than 8,100

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By Tomi Kilgore

Shares of Hut 8 Mining Corp. /zigman2/quotes/208114896/composite HUT +0.42% jumped 1.6% in premarket trading Tuesday, after the Toronto-based digital asset miner said it increased its bitcoin holdings by 375 in August. That brings the total self-mined holdings of bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.97% to 8,111. With bitcoin up 0.5% at about 19,932 in early morning trading Tuesday, Hut 8's bitcoin holdings are valued at about $161.7 million. Hut 8's stock has plunged 75.7% year to date while bitcoin has tumbled 57.1% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.12% has dropped 17.7%.

/zigman2/quotes/208114896/composite
US : U.S.: Nasdaq
$ 1.20
+0.0050 +0.42%
Volume: 5.53M
Dec. 1, 2022 3:43p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$230.87 million
Rev. per Employee
N/A
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/zigman2/quotes/31322028/realtime
US : CoinDesk
16,935.25
-166.39 -0.97%
Volume: 0.00
Dec. 1, 2022 3:43p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,084.89
+4.78 +0.12%
Volume: 0.00
Dec. 1, 2022 3:44p
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