US Stock Hut 8 Corp (HUT) Rises Over 12%

BlockBeats News, July 2nd, according to market data, driven by the news of a controlled subsidiary merger transaction, the US stock Hut 8 Corp (HUT) saw a 12.47% increase, currently trading at $20.78.

BlockBeats previously reported that American Bitcoin Corp. and Gryphon Digital Mining jointly announced on July 1, 2025, that they had submitted an amended S-4 registration statement to the U.S. Securities and Exchange Commission (SEC) to advance the previously announced stock-for-stock merger transaction. American Bitcoin is a subsidiary of Hut 8, with supporters including Eric Trump, son of Trump. The company focuses on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.