Hut 8 is trading at $103.81, up 5%, after a broad crypto and risk-on rally.
- Bitcoin is up 6.04% and Ethereum 4.44% since the September 18 close, strongly supporting crypto-related equities.
- The Nasdaq is up 1.69%, while technology stocks are gaining 1.50%.
- Momentum from Hut 8’s $9.8 billion AI data-center lease continues supporting sentiment, but crypto strength is today’s clearest driver.