$HUT-Bullish option flow detected in Hut 8 Mining (25.27 -1.40) with 12,118 calls trading (1.4x expected) and implied vol increasing almost 5 points to 107.62%. . The Put/Call Ratio is 0.27. Earnings are expected on 03/26. The JAN 17th 2025 27.50 Calls are being bought @ 1.18.
Hut 8 is a North American company primarily focused on Bitcoin mining, operating large-scale data centers powered by renewable energy sources like hydro and nuclear power, essentially acting as a major player in the cryptocurrency mining industry; they also offer hosting and managed services alongside their traditional data center operations, with a growing emphasis on high-performance computing (HPC) and AI capabilities.
