Hut 8 (HUT) Rises 12% Pre-Market as Speculation of Meta (META) Partnership Swirls

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HUT shares climbed to just under $30 as of 10:00 UTC, over 11.75% higher than its Wednesday closing price of $26.69.

Speculation on social media platform X links a data center the company is building in Louisiana with Facebook owner Meta Platforms.in pre-market trading amid social media speculation that it is building a data center with Facebook owner Meta Platforms .Hut 8 appears to be partnering with Meta to develop a groundbreaking AI data center in West Feliciana Parish, Louisiana. While not officially confirmed, I’m led to believe this collaboration is likely, given the scale and focus of the project.

Some bitcoin minerspreviously announced a $500 million at-the-market offering and a $250 million stock-repurchase program. The company has said it minedJamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.As the senior analyst at CoinDesk, specializing in Bitcoin and the macro environment.

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