Hut 8 to Join FTSE Russell's Russell 3000 Index, Stock Rises 9.3%

Bitcoin miner Hut 8 is set to join the Russell 3000 Index on July 1, 2024, as part of FTSE Russell's annual reconstitution.

This move has led to a 9.3% increase in Hut 8's stock price, driven by crypto strength and the index addition headlines.

Core Scientific is also entering the Russell 3000 index, signaling a shift towards mainstream acceptance.

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