Hut 8's stock price soars, market speculates cooperation with Meta 🤔

Recently, the stock price of bitcoin mining company Hut 8 soared to nearly $30 in pre-market trading, rising over 11.75% from the previous day's closing price. The market speculates that this is related to Hut 8's collaboration with Meta Platforms to build data centers.

Hut 8 is constructing a $12 billion data center in Louisiana, while Meta also plans to build a $10 billion artificial intelligence data center in the state. Given the similarities in equipment and energy demands between bitcoin miners and AI data centers, the market is rife with speculation that the two parties may have reached a collaboration.

As of now, neither Hut 8 nor Meta has responded to the rumors. 📈