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Market Cap:
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Cryptocurrencies: 24126
Bitcoin Bitcoin Share: 59.93%
Markets: 101179
Seeking Alpha
2022-06-24 18:22:00

What Is Hut 8 Stock's Outlook As Crypto Crashes?

What Is Hut 8 Stock's Outlook As Crypto Crashes?

The cryptocurrency market has crashed with Bitcoin's market value being one-third of what it was at the prior peak in late-2021.There is uncertainty over Hut 8's future stock price outlook in the current environment; while HUT is diversifying beyond cryptocurrency mining, it is still maintaining its policy of holding Bitcoin.Hut 8 Mining is rated as a Hold, taking into account both its revenue diversification efforts and plans, as well as its substantial Bitcoin holdings.

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Market Cap
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59.93%
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