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Hut 8 Soars 15% on Game-Changing 5-Year Energy Deal—Bitcoin Mining Sector Rallies Behind
Hut 8 Soars 15% on Game-Changing 5-Year Energy Deal—Bitcoin Mining Sector Rallies Behind
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Hut 8 just plugged into the motherlode—a 5-year energy supply deal sent its stock rocketing 15% and lit a fire under the broader Bitcoin mining sector. Who knew keeping the lights on could be so profitable?
Power play: Miners scramble for stability
While Wall Street bets on blackout roulette with energy futures, Hut 8 locked in predictable costs—the ultimate luxury in an industry where margins get vaporized faster than a shitcoin on leverage. The deal’s timing couldn’t be sharper with hash prices testing yearly highs.
The cynical take: Of course this happened right after retail dumped their mining stocks. The ‘dumb money’ always misses the rebound—but hey, that’s why hedge funds need someone to sell to.
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