Hut 8 shares rose nearly 12% on rumors, but cooperation with Meta has not yet been confirmed
The news from Mars Finance is that the stock price of BTC mining company Hut 8 (HUT) rose nearly 12% in pre-market trading, to $30, due to rumors that its data center being built in Louisiana may be related to Meta Platforms (META).
However, Hut 8 and Meta have not yet officially announced any partnership. Hut 8 is investing $12 billion to build a data center in Louisiana, while Meta plans to invest $10 billion to build an AI data center in the state.
Hut 8 recently announced a $500 million market offering plan and a $250 million stock buyback plan. As of November, the company held 9,122 BTC, making it the seventh-largest BTC holder among publicly listed companies.
