Hut 8 Surges to 420th in Trading Volume with $201 Million in Shares Exchanged

On June 6, 2025, Hut 8 (HUT) saw a significant surge in trading volume, with a total of $201 million in shares exchanged, marking a 36.23% increase from the previous day. This surge placed Hut 8 at the 420th position in terms of trading volume for the day, reflecting a notable uptick in investor interest. The stock price of Hut 8 also rose by 13.79%.

Roth Capital has initiated coverage on Hut 8, assigning it a Buy rating and setting a price target of $25. This move underscores the firm's confidence in Hut 8's strategic transition into a power-first digital infrastructure company. The firm highlights Hut 8's unique position in the market, emphasizing its vertically integrated operations and extensive infrastructure portfolio.

Hut 8 operates a diverse range of data centers and power generation assets, strategically located across North America. The company's infrastructure includes nine Bitcoin mining sites, five high-performance computing data centers, and four power generation assets. This extensive network supports a variety of compute-intensive workloads, including Bitcoin mining, high-performance computing, and artificial intelligence.

In addition to its mining operations, Hut 8 offers managed services to institutional partners, providing an end-to-end partnership model for energy infrastructure development. This service is particularly valuable for digital asset mining site owners, governments, and data center developers, further solidifying Hut 8's role as a key player in the digital infrastructure sector.