8 Mining Corp. (OTCQX: HUTMF) shares saw the surge as it went up 53.66% from the day before to close at $6.39. The Company has a Market Cap of 620,228,461, and its daily range was recorded down to $4.55 to rise to $6.63. The Company’s volume was 3,757,934 in contrast with the 30-days average volume of 998,584.
The latest development from the Company
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The bitcoin mining company, Hut 8 Mining Corp. (OTCQX: HUTMF), has announced the opening of a Bitcoin Yield Account with Genesis Global Capital, a business providing a single interface for digital asset markets.
Using the BTC Yield account, Hut 8 can earn a 4 percent return on its BTC Holdings. A Genesis Yield Account with an initial investment of 1000 bitcoin allows Hut 8 to increase or decrease holdings on one-day notice, offering both the return and the flexibility necessary for sustained and strategic growth.
Hut 8’s BTC Yield account is central to the strategy. It allows the Company to acquire an interest in Fiat using Bitcoin, enable payment in a centralized currency, and ultimately increase HODL interest rates.
Headquartered in Toronto, Canada, Hut 8 Mining Corp. operates a cryptocurrency mining operation on an industrial scale. This update has left a positive impact on investors’ heads as they pushed stock on the greener side.