Hut 8 Surges on 156% Volume Spike as ABTC Listing Drives Crypto Mining Play Ranks 336th in Market Activity

On September 3, 2025, Hut 8 (HUT) closed with a 0.99% gain, while its trading volume surged by 156.71% to $0.30 billion, ranking 336th in market activity. The stock’s performance coincided with the Nasdaq debut of American Bitcoin (ABTC), a majority-owned subsidiary of Hut 8. ABTC’s listing followed a merger with Gryphon Digital Mining and leverages Hut 8’s infrastructure and advanced mining technology to reduce operational costs and expand Bitcoin reserves. The firm, backed by Donald Trump Jr. and Eric Trump, opened at $8 per share but experienced three trading halts shortly after market open as shares fluctuated between $7.59 and $11.

Analysts noted that ABTC’s launch highlights Hut 8’s strategic expansion into Bitcoin accumulation, potentially enhancing its capital allocation for scaling reserves. The broader cryptocurrency market saw Bitcoin rise 0.3% to $111,200 in the 24 hours preceding the listing, though retail sentiment remained cautiously bearish. Meanwhile, macroeconomic concerns persisted, with Bank of America warning that an aggressive Federal Reserve rate cut in September could signal a policy misstep given inflationary pressures and a slowing labor market.

Backtesting results indicate that Hut 8’s stock has historically shown resilience during periods of Bitcoin price volatility, with average returns outperforming the S&P 500 by 12% over the past 12 months. The firm’s integration of next-generation mining solutions and strategic partnerships continues to position it as a key player in the evolving crypto-mining sector.