Hut 8 Corp shares are trading higher after the company announced it expanded its partnership with BITMAIN to unveil the next-gen liquid-cooled ASIC miner for Bitcoin mining.
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Corp shares rose following the announcement of an expanded partnership with BITMAIN to introduce a new liquid-cooled ASIC miner for Bitcoin mining.
September 19, 2024 | 3:45 pm
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Hut 8 Corp's stock is trading higher due to its expanded partnership with BITMAIN, focusing on a new liquid-cooled ASIC miner for Bitcoin mining.
The announcement of a new product in partnership with a major player like BITMAIN is likely to boost investor confidence in Hut 8 Corp, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90