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Hut 8 Corp. (NASDAQ:HUT) led bitcoin mining stocks higher in Wednesday late morning trading, jumping 15%, after securing a five-year energy capacity contract with the Ontario Independent Electricity System Operator.
That brings its Y/Y ascent to 35%.
The company’s mining peers were not far off in intraday performance, though, as the price of bitcoin (BTC-USD) perked up 2.4% over the last 24 hours to $108.2K per token.
Riot Platforms (NASDAQ:RIOT) advanced 7.9%, MARA Holdings (NASDAQ:MARA) accelerated 12%, Bitfarms (NASDAQ:BITF) +12%, Bit Digital (NASDAQ:BTBT) +6.7%, CleanSpark (NASDAQ:CLSK) +9.9% and HIVE Digital Technologies (NASDAQ:HIVE) +5.1% and Core Scientific (NASDAQ:CORZ) -0.8%, at press time.
Other crypto-linked stocks: Coinbase Global (COIN) +3.7%, Strategy (MSTR) +3.2%, Bakkt (BKKT) +30%, Robinhood Markets (HOOD) +6.8% and Circle Internet Group (CRCL) +11%.
More on Bitcoin USD, Hut 8 Mining, etc.
- MARA Holdings: Levered To Post-Halving Bitcoin Cycle
- Bitcoin: BTC-USD Tactical Breakdown (Technical Analysis)
- Bitcoin: Price Stays Range-Bound, But July Sentiment Hints At Potential Bullish Breakout (Technical Analysis)
- Bitcoin could surge to $200K by end of 2025, StanChart predicts
- Hut 8 secures five-year IESO contracts for 310 MW power