Hut 8 Corp. shares rise 1.99% premarket after rebranding to align with its platform.

Hut 8 Corp. rose 1.99% in premarket trading, with the company rebranding to align its external positioning with its platform. Hut 8 Corp. is a data mining company that operates large-scale energy infrastructure and bitcoin mining. The company acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads, such as bitcoin mining, high performance computing, and artificial intelligence (AI).