Crypto mining stocks drop after Hut 8 announces merger with US Bitcoin

Businessman spread out your hands with red arrow downtrend stock chart on display laptop

Ratchapon Supprasert

Cryptocurrency mining stocks traded in the red on Tuesday after Hut 8 Mining (NASDAQ:HUT) announced an all-stock merger with US Bitcoin, valuing the combined firm at ~$990M.

While shares of Hut 8 (HUT) initially rose before the bell, the stock

Recommended For You

Comments (16)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.