Marathon Digital Holdings, Inc. MARA stock is in a consolidation phase. It has declined 8% year to date but has gained 5% over the past six months. The stock has climbed 39% in the last three months, while...
This is Hut 8’s first purchase of Bitcoin, with the rest of its reserves coming from BTC mined in-house.
The rumours are fueled by more Bitcoin mining companies exploring AI-driven applications to diversify their revenue streams.
The stock of %Bitcoin (CRYPTO: $BTC) miner %Hut8 (NASDAQ: $HUT) is up 12% on speculation that the company will be contracted to build a new data centre for MetaPlatforms (NASDAQ: $META).
Timing a momentum stock investment is notoriously difficult, but firms that combine recent share price growth with signs of being undervalued may appeal.
The S&P 500 Index, a measure of broader market performance, is up over 25% so far this year.