Toronto Stocks Rise; Hut 8 Down on Amended Credit Facility with Coinbase - News Summed Up

Toronto Stocks Rise; Hut 8 Down on Amended Credit Facility with Coinbase


U.S. markets will be closed Monday for the Martin Luther King Jr. holiday and will resume trading Tuesday. Canada's S&P/TSX Composite Index was 0.25% higher at midday, reaching 20972.73 and the blue-chip S&P/TSX 60 rose by 0.21% to 1265.25. Hut 8's shares were nearly 11% lower at 13.47 Canadian dollars ($10.06) after the digital-asset miner emended its credit facility with Coinbase Global with an extension of an additional load for $15 million. Other market movers:Canada Nickel shares rose by 5.1% to C$1.66 after the company said Samsung SDI has invested $18.5 million to acquire a nearly 9% stake in the company. Write to Adriano Marchese at adriano.marchese@wsj.com(END) Dow Jones NewswiresJanuary 12, 2024 12:22 ET (17:22 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.


Source: Wall Street Journal January 12, 2024 17:32 UTC



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