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Hut 8 Corp. (NASDAQ:HUT) shares are trading lower Thursday. The move follows a nearly 35% surge during Wednesday’s session. Investors appear to be taking profits after the company hit new 52-week highs.
The Nasdaq is up 0.24% while the S&P 500 has gained 0.03%.
Post-Rally Cooling Period
The retreat comes after a landmark Wednesday. The stock soared 34.80% to $108.52. This followed news of a 15-year lease agreement for its Beacon Point campus.
Massive AI Contract Value
The deal involves 352 megawatts of IT capacity. Hut 8 noted the contract carries $9.8 …
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