Hut 8 (HUT) Gets 15% Boost From HPC Optimism
Hut 8 Mining p(US:HUT) Yahoo Financeยท2025-09-10 15:59Group 1 - Hut 8 Corp. (NASDAQ:HUT) experienced a share price increase of 14.99% on Tuesday, closing at $29.30, driven by positive sentiment towards high-performance computing (HPC) stocks [1][3] - The rally in Hut 8's stock was supported by a significant $18 billion cloud computing deal announced by Nebius Group with Microsoft Corp., which also positively impacted other companies in the sector such as TeraWulf Inc., Riot Platforms, IREN Ltd., and Cipher Mining [2][3] - Hut 8 is expanding its digital infrastructure capabilities with plans to construct four new sites across the US, which will increase its total power capacity to over 2.5 gigawatts across 19 sites upon full operation [3]