What's Going On With Bitcoin-Miner Hut 8 Mining Corp Stock?

Hut 8 Mining Corp. HUT shares are trading higher Thursday in sympathy with Bitcoin BTC/USD. Here's a look at what's going on:

What To Know:

Hut 8 Mining shares have climbed more than 20% over the last month as the price of Bitcoin rises and excitement surrounding the potential approval of BlackRock's spot Bitcoin ETF builds.

Shares of HUT are moving on heavy trading volume with more than 7.6 million shares already traded in Thursday's session. According to data from Benzinga Pro, the stock's 100-day average volume is 8.897 million shares.

Hut 8 Mining is set to report its third-quarter financial results before the market open on Nov. 14 and will host a conference call to discuss the results at 10:00 a.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report a loss of 6 cents per share and quarterly revenue of $22.212 million.

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HUT Price Action: According to Benzinga Pro, Hut 8 Mining Corp. shares are up nearly 10% at $2.47 at the time of publication.

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