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0.00147681009020517 0.00143689630398334 -0.0021952582421969 -0.00558793007104656 -0.00654586094036886 -0.0191386604933345 -0.0216731859184162 -0.0153468508022671
Stock impact report

Hut 8 and Coinbase outperform as Crypto stocks jump on bitcoin's sudden rally [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The price jump triggered gains across mining stocks, trading platforms and cryptocurrency infrastructure firms. Bitcoin miner Hut 8 (HUT) outperformed the wider sector, rising 14.4% to $42, while rival CleanSpark (CLSK) saw a 5.1% rise after the opening bell to top $12, and Riot Platform (RIOT) rose 3.5% to near $14. Read more: Bitcoin re-takes $90,000 as price spikes early in U.S. session These mining firms depend heavily on bitcoin's price for revenue, with rising BTC prices often meaning fatter mining margins and a more sustainable environment. However, HUT had surged 20% in early trading after announcing a 15-year, $7 billion lease agreement with AI infrastructure firm Fluidstack. Potential catalysts for the broader rally include traders weighing the possibility of Fed Governor Chris Waller as the frontrunner to succeed Jerome Powell as the next Chair of the Federal Reserve. Waller has made dovish comments, saying the neutral fed funds rate may be 50 to 100 basis points bel Show less Read more
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