Hut 8 jumps 16% pre-earnings as Bitcoin miners rebound, eyes on lease timeline in Q3 report.

Hut 8 shares surged 16% ahead of its Q3 2026 earnings report, leading a rebound among Bitcoin miners pivoting to AI infrastructure. The company is expected to report revenue decline and losses but aims to prove its lease timeline for new data halls in 2027. Investors are watching closely for updates on lease progress and financing, which could influence the stock's direction. Peers Riot Platforms and MARA Holdings also gained, reflecting renewed interest in AI and high-performance computing sectors within crypto mining.

Hut 8 shares rose 15.23% to USD 63.38 on Pluang as of Nov 04, 2026 00:22 WIB, matching the news surge. Riot Platforms also gained 15.03%, trading at USD 13.62. Despite strong gains, Pluang order activity shows mostly selling for both stocks, with Hut 8 at 100% sell and Riot at 98% sell.