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The price of Bitcoin (CRYPTO:BTC) continued to climb even higher this week, surging past US$60,000 as investors got back into crypto. This has caused other companies, Canadian ones included, to see some renewed interest once more.
One such company is Hut 8 Mining (TSX:HUT), which has seen shares climb 13% in the last year. However, shares are still down 58% since 52-week highs. It’s now seeing incredibly active trading, with its one-day volume at about 761,000 active trades right now.
So why are investors so interested in Hut stock? Let’s get into it.
Bitcoin, but not
Hut stock boasts being one of the first North American bitcoin mining companies, and one of the first publicly traded Bitcoin mining companies in the world. The business mainly focuses on Bitcoin mining, but also offers data centre services. These include hosting, repair, and managed services for other miners.
Its operations hold a…
