Hut 8 and Coinbase demonstrated remarkable performance by significantly outperforming their competitors in the market as cryptocurrency stocks experienced a notable surge following Bitcoin's unexpected rally. Investors reacted positively to the sudden increase in Bitcoin's value, leading to heightened interest and trading activity in these two companies, which are key players in the cryptocurrency ecosystem. As a result, both Hut 8 and Coinbase saw substantial gains, reflecting their strong position in the industry and the overall bullish sentiment surrounding digital assets.
source: https://www.coindesk.com/markets/2025/12/17/hut-8-and-coinbase-outperform-as-crypto-stocks-jump-on-bitcoin-s-sudden-rally