Hut 8’s revenue, partially from Bitcoin mining, saw a boost as Bitcoin’s value increased by 13%. Canaan received a large order of over 50,000 crypto mining rigs, indicating positive sentiment towards Bitcoin’s future. The Avalon A15 rig is designed for Bitcoin mining, making it the client’s top choice.

Hut 8 stock has risen by almost 18% as Bitcoin’s value increased. Canaan’s large order of mining rigs also contributed to the positive sentiment towards Bitcoin. The Avalon A15 rig, designed for Bitcoin mining, is the top choice for the unnamed client.

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Read more at Yahoo Finance: Why Hut 8 Stock Was Blasting Higher This Week