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Bitcoin Mining Stock Hut 8 Is Moving Higher Monday: What's Going On?

Bitcoin Mining Stock Hut 8 Is Moving Higher Monday: What's Going On?
Hut 8 Corp NASDAQ:HUT shares are trading higher Monday after the company announced the closing of a $150 million investment.What Happened: Bitcoin mining company Hut 8 said it closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management.Hut 8 sha…

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Hut 8 Corp shares are on the rise after the company announced the closing of a $150 million investment from Coatue Management. The increase in the price of Bitcoin may also be contributing to the surge in Hut 8 shares. Additionally, the company has been selected to join the Russell 3000 Index, which goes into effect on Monday. Hut 8 is an energy infrastructure operator and Bitcoin miner with operations across North America. As of the time of publication, Hut 8 shares were up 3.14% at $15.46. If you're interested in buying shares of Hut 8, you can do so through a brokerage account, and some platforms even allow you to buy fractional shares. If you're looking to bet against the company, you'll need access to an options trading platform or a broker who will allow you to 'go short' a share of stock.

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