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Wajeeh Khan

Hut 8 Just Nabbed an Energy Supply Deal. Should You Buy the Bitcoin Mining Stock Now?

Hut 8 (HUT) shares closed nearly 15% up on Wednesday, July 2 after announcing a series of “five-year capacity contracts” with the Ontario Independent Electricity System Operator (IESO). 

Asher Genoot, chief executive of the Bitcoin (BTCUSDT) mining firm, dubbed these contracts “a testament to the commercial and regulatory fluency of our power-native team,” in a press release on Wednesday.

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