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Hut 8 stock price big pump 12.47% as the subsidiary merger transaction is about to advance.
On July 2, according to market data, affected by the merger transaction news of its controlling subsidiary, the US stock Hut 8 Corp (HUT) rose by 12.47%, currently quoted at 20.78 USD.
According to previous reports, American Bitcoin Corp. and Gryphon Digital Mining jointly announced on July 1, 2025, that they have submitted an amended S-4 registration statement to the (SEC), advancing the previously announced share exchange merger transaction. American Bitcoin is a subsidiary of Hut 8, with supporters including Trump's son Eric Trump. The company focuses on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.