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Opendoor Technologies, Inc. engages in the operation of buying, selling, and trading of residential properties online. The company was founded by Eric Wu on December 30, 2013, and is headquartered in Tempe, AZ.

Opendoor Technologies Inc

Opendoor is trending following the announcement of a new CEO from Shopify and the return of co-founders to the board, sparking optimism about the company's future and driving significant after-hours gains. The community is rallying against short-sellers, anticipating a potential short squeeze, and some are drawing comparisons to past high-momentum stocks. Discussions also involve the potential impact of interest rate cuts and overall market conditions on the real estate sector.

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

Trump Media & Technology Group Corp.

Trump Media & Technology Group is trending amidst reports of a shooting involving conservative commentator Charlie Kirk, sparking heated debate and speculation within the community.  Users are sharing conflicting viewpoints on Kirk's legacy and the broader implications for political discourse. The incident has also reignited discussions around political violence and gun control.

BrokeCoin is a meme-meets-utility cryptocurrency project operating under the ethos of Transparency, Community, and Respect. Formally registered as an LLC in Wyoming, USA, BrokeCoin is building an expansive ecosystem that combines light-hearted spirit of meme culture with real-world crypto utilities—spanning gaming, staking, NFTs, web services, and an e-commerce platform. Brokecoin believes in developing useful and interesting meme-inspired utilities to both service the crypto industry, and generate value for holders.

Brokecoin

Brokecoin is trending due to its recent airdrop and the establishment of a new liquidity pool paired with USDC, fostering price stability. The community is excited about these developments and anticipates further growth, emphasizing the project's strong community and active development team. Many believe $BROKE has the potential to disrupt the internet.

Armada Acquisition Corp. I operates as a blank check company. It was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was founded on November 5, 2020 and is headquartered in Philadelphia, PA.

Rezolve AI PLC .

Rezolve AI Limited

Rezolve AI (RZLV) is trending amid community excitement and speculation around its potential, partnerships, and upcoming earnings report in early October. Some investors are drawing comparisons to other AI companies and expressing long-term bullish sentiment, while others discuss potential dilution and short-term trading strategies. A special meeting scheduled for late September 2025 is also generating buzz.

"Shina Inu is a decentralized meme token on the Ethereum blockchain. Its mission is to give back to the crypto community, give to charity, and win the heart of the greatest token of all time, Shiba Inu!   Shina Token is a very fun meme token project that has sold many rare and beautiful NFTs. NFT sales are used to support the team and provide upcoming features such as exclusive access to events and rewards that will soon be announced."

Shina Inu

Shina Inu ($SHI.X) is trending as traders discuss its bullish chart patterns and potential for a breakout, with some believing a significant rally is imminent. The community highlights the strong tokenomics and growing awareness of the project, anticipating a community-driven surge. Despite some skepticism, many see long-term potential, citing strong community engagement and a possible shift in momentum.

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. It is a layer 1 network that offers fast speeds and affordable costs. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

Solana

Solana is trending amid discussions of its potential for further gains, driven by its fast and cheap transactions. The community is actively discussing staking opportunities, potential new highs, and corporate adoption, along with comparisons to other major cryptocurrencies like Ethereum and Bitcoin. Some are also excited about the launch of new projects within the Solana ecosystem.

Applied Digital Corp. is a technology company, which engages in the provision of development and operation of data centers which provide computing power. It operates through the Data Center Hosting Business and HPC Hosting Business segments. The Data Center Hosting Business segment provides energized infrastructure services to crypto mining customers. The HPC Hosting Business segment focuses on the designing, constructing, and operating data centers tailored to support high power density applications like HPC and AI. The company was founded by Wesley Carl Cummins and Jason Zhang in May 2001 and is headquartered in Dallas, TX.

Applied Digital Corporation

APLD is trending due to growing excitement around potential new deals with major hyperscalers in the AI sector, especially after NBIS announced a significant agreement with Microsoft. The community is actively discussing upcoming catalysts like a key vote and the launch of a leveraged ETF. Some anticipate a potential short squeeze amid the AI infrastructure boom.

Pyth Network is a decentralised oracle network designed to provide real-time financial market data to decentralised applications (dApps) across multiple blockchains. It allows developer to secure smart contracts with reliable, low-latency market data from institutional sources, and build apps with high-fidelity oracle feeds designed for mission-critical systems.

Pyth Network

Pyth Network is trending as the community discusses potential breakouts and retests of key resistance levels. The focus is on Pyth's role in the Real World Asset (RWA) space and its potential impact on the market data industry. Some community members are speculating on adoption by larger entities and future price targets.

Enovix Corp. engages in the design and development of silicon-anode lithium-ion batteries. The firm's proprietary 3D cell architecture increases energy density and maintains a high cycle life. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable utilization of renewable energy. The company was founded by Mr. Harrold Jones Rust, III, Ashok Lahiri, and Murali Ramasubramanian in November 2006 and is headquartered in Fremont, CA.

Enovix Corporation

Enovix Corp

Enovix is trending due to a convertible note offering, sparking debate about the company's financial strategy and potential acquisitions. The community is split between those who view the offering as a positive step towards expansion and those who are concerned about dilution and management's communication. Discussions also involve potential customers and the competitive landscape of battery technology.

Synopsys, Inc. engages in the provision of electronic design automation (EDA) software that engineers use to design and test integrated circuits (ICs). It also offers semiconductor intellectual property (IP) products. It operates through the following segments: Design Automation, Design IP, and Software Integrity. The Design Automation segment includes silicon design, verification products and services, system integration products and services, digital, custom, and FPGA IC design software, verification software and hardware products, and manufacturing software products. The Software Integrity segment includes a solution for building security and compliance testing into the customers' software development lifecycle and supply chain. The company was founded by Aart J. de Geus, Bill Krieger, Dave Gregory, and Rick Rudell in December 1986 and is headquartered in Sunnyvale, CA.

Synopsys, Inc.

Synopsys ($SNPS) is trending due to a significant earnings miss and slashed FY25 outlook, leading to a sharp stock decline and sparking debates about its valuation and future prospects. Community discussions revolve around potential bottom levels, oversold conditions, and whether the drop presents a buying opportunity or a value trap, especially considering the company's exposure to China and the AI sector. Some traders are eyeing a potential bounce, while others are bracing for further downside, with analysts weighing in with revised price targets.

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Applied Digital Corporation (APLD) announced on Monday that it plans to begin construction on its next-generation AI campus, dubbed Polaris Forge 2, near Harwood, North Dakota, in September 2025. The $3 billion project aims to support the growing demand for high-performance computing.The facility will have an initial capacity of 280 megawatts (MW) and is built to allow expansion beyond that threshold. Partial operations are slated to begin in 2026, with full-scale functioning expected by early 2027.Applied Digital stock traded over 17% higher on Monday morning. On Stocktwits, retail sentiment around the stock remained in ‘neutral’ territory amid ‘low’ message volume levels.&nbsp;<figure class="image"><img style="aspect-ratio:948/114;" src="https://news.stocktwits-cdn.com/Screenshot_2025_08_18_103209_png_826df26e75.webp" alt="APLD’s Sentiment Meter and Message Volume as of 10:15 a.m. ET on Aug. 18, 2025 | Source: Stocktwits" width="948" height="114"><figcaption>APLD’s Sentiment Meter and Message Volume as of 10:15 a.m. ET on Aug. 18, 2025 | Source: Stocktwits</figcaption></figure>A bullish user called the announcement ‘big news’.<stembedurl>https://stocktwits.com/Rod92/message/625606438</stembedurl>Another user said the company is the ‘best AI data center builder’.<stembedurl>https://stocktwits.com/maximilian1/message/625619211</stembedurl>The company has secured over 900 acres for the project and arranged power delivery through Cass County Electric Cooperative. Once fully operational, the campus will create more than 200 permanent jobs and additional opportunities for long-term contractors.CEO Wes Cummins described the Harwood site as the next phase in the company’s trajectory, citing strong interest from hyperscalers. He noted that North Dakota’s strategic environment makes it an ideal location for development.“We have strong interest from multiple parties and are in advanced negotiations with a U.S.-based investment-grade hyperscaler for this campus, making it both timely and prudent to proceed with groundbreaking and site development,” said Cummins.Applied Digital also received a vote of confidence from Craig-Hallum on Monday, which doubled its price target on the company’s shares to $23 from $12, while reaffirming a ‘Buy’ rating, as per TheFly.The firm pointed to encouraging signs in the data center industry, particularly recent private transactions, creating attractive valuations. Despite these positive indicators, Craig-Hallum said Applied Digital’s stock does not yet reflect the fair value of its asset base or its development pipeline.Applied Digital stock has gained over 117% in 2025 and over 303% in the last 12 months.&nbsp;Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nvidia-ai-chip-demand-fuels-higher-earnings-projections/chsOfr6RdXI">Nvidia’s AI Chip Demand Fuels Higher Earnings Projections From Wall Street: Retail’s In Wait-And-Watch Mode</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, an Applied Digital logo is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

This Data Center Stock Doubled In 2025, Quadrupled Over One Year, And Just Rocketed 17% Today: Do You Own It?

Applied Digital has secured over 900 acres for its North Dakota data center project, which will have an initial capacity of 280 megawatts.

Equity

Applied Digital has secured over 900 acres for its North Dakota data center project, which will have an initial capacity of 280 megawatts.



Stablecoin issuer Circle Internet Group, Inc.'s (CRCL) shares came under selling pressure in Wednesday’s early premarket&nbsp;trading, signaling a potential reversal from the previous session.The negative sentiment can be traced back to the company’s filing of an S-1 registration statement with the SEC regarding a 10 million common stock offering. The company would offer 2 million shares, and selling shareholders would offload the remaining 8 million shares.The company went public on June 5, and since its listing on the NYSE, the&nbsp;<a href="https://stocktwits.com/symbol/CRCL">Circle stock</a> has nearly doubled to $163.21.Circle said in the regulatory filing that it expects to raise net proceeds of $309.4 million from the offering, or $542.6 million if the underwriters exercise their options. The company plans to use the proceeds for working capital and general corporate purposes, including payment obligations, business investments, and potential acquisitions.On Tuesday, Circle shares ended up 1.27% at $163.21 after the company reported forecast-beating results for the second quarter of the fiscal year 2025.&nbsp;Sentiment toward the stock has remained upbeat amid President Donald Trump’s pro-crypto stance. The president signed the stablecoin bill, dubbed the Genius Act, into law in July, thereby bringing the dollar-pegged currencies into the regulatory net and rendering legitimacy to them.&nbsp;On Stocktwits, retail sentiment toward Circle improved to ‘neutral’ (49/100) by early Wednesday, from ‘bearish’ a day ago. The message volume, however, surged as retail traders discussed the quarterly report and the stock offering.&nbsp;<figure class="image"><img style="aspect-ratio:619/51;" src="https://news.stocktwits-cdn.com/Screenshot_2025_08_13_at_5_26_12_AM_png_9292de907e.webp" alt="Screenshot 2025-08-13 at 5.26.12 AM.png" width="619" height="51"><figcaption>CRCL sentiment and message volume ass of 5:25 a.m. ET, Aug. 13 | source: Stocktwits</figcaption></figure>A bearish watcher cautioned others to sell the Circle stock before it dropped below $100.<stembedurl>https://stocktwits.com/TomyA/message/624906186</stembedurl>Another user, who is bullish on the stock, lauded the company for the “great” earnings but expressed disappointment with the stock offering. “Still - if the stock can ride this out, several upgrades will likely be incoming,” they said.<stembedurl>https://stocktwits.com/Avarmaavarma/message/624897819</stembedurl>In Wednesday’s premarket, Circle stock fell 5.67% to $154.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:<a href="https://stocktwits.com/news-articles/markets/equity/ppl-intel-plug-power-nvidia-johnson-controls-what-sparked-heavy-after-hours-trading/chrDrUmRdeC">&nbsp;</a><a href="https://stocktwits.com/news-articles/markets/equity/us-soybean-exports-hit-as-trumo-tariff-drive-chinese-oilseed-imports-to-brazil/chrCdxIRdBN">US Soybean Exports Hit As Trump’s Tariffs Drive Chinese Oilseed Importers to Brazil, Other South American Countries</a>

In this photo illustration, a person holds a smartphone displaying the logo of Circle (NYSE: CRCL), a global fintech company and issuer of the USDC stablecoin, on August 8, 2025, in Chongqing, China. 

Why Circle Stock Is Sliding Premarket Today

Circle said in the regulatory filing that it expects to raise net proceeds of $309.4 million from the offering, or $542.6 million if the underwriters exercise their options. 

Tech ETFs at the Forefront of the Market Rebound on Monday 

Tech ETFs like DAPP, ARKQ and IBLC surged on Monday as strong earnings and rate cut hopes reignited investor confidence.

Applied Digital Corp. (APLD) CEO Wesley Cummins drew attention to CoreWeave’s (CRWV) recent deal for another 150 megawatts of capacity at a third facility on the Polaris Forge 1 campus, highlighting the site's growing role in powering advanced AI operations.“Building on the momentum from these leases and the surging demand for AI infrastructure, we're actively marketing our multi-gigawatt pipeline to a diverse group of customers,” said Cummins during the fourth-quarter (Q4) earnings call.<a href="https://stocktwits.com/symbol/APLD">Applied Digital stock</a> traded over 30% higher on Thursday afternoon.On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ (84/100) from ‘neutral’ territory the previous day. Message volume shifted to ‘extremely high’ (82/100) from ‘normal’ levels in 24 hours.<figure class="image"><img style="aspect-ratio:953/121;" src="https://news.stocktwits-cdn.com/Screenshot_2025_07_31_135656_png_c3f9cfa537.webp" alt="APLD’s Sentiment Meter and Message Volume as of 02:00 p.m. ET on July 31, 2025 | Source: Stocktwits" width="953" height="121"><figcaption>APLD’s Sentiment Meter and Message Volume as of 02:00 p.m. ET on July 31, 2025 | Source: Stocktwits</figcaption></figure>A bullish Stocktwits user said the stock has growth potential.<stembedurl>https://stocktwits.com/Juststartingout14/message/623238707</stembedurl>CoreWeave has previously agreed to lease 250 megawatts of power at the Polaris Forge 1 data center under two major&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/applied-digital-stock-surges-after-7-billion-deal-with-coreweave/chkYbRYRbHd">15-year deals</a>, potentially bringing in $7 billion in revenue.&nbsp;The latest addition of 150 megawatts, once finalized, would boost the total leased capacity to 400 megawatts and expected revenue to around $11 billion for Applied Digital.“With the CoreWeave lease, we believe we're now roughly halfway toward our internal goal of generating $1 billion in annual net operating income over the next 3 to 5 years,” Cummins added.Applied Digital’s Q4 revenue jumped 41% year-on-year (YoY) to $38 million, beating the analysts’ consensus estimate of $37.12 million, as per Fiscal AI data.Adjusted loss per share of $0.03 surpassed the consensus estimate of a loss of $0.16. The company held $41.5 million in cash and equivalents as of May 31.&nbsp;Applied Digital stock has gained over 68% year-to-date and over 164% in the last 12 months.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/retail-hype-follows-roblox-s-big-q2-win/choLirnRdGI">‘Netflix of Gaming?’ Retail Hype Follows Roblox’s Big Q2 Win</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Applied Digital Stock Soars 30% On Thursday, And There’s A CoreWeave Angle To It

Applied Digital’s Q4 revenue jumped 41% year-on-year to $38 million, beating the analysts’ consensus estimate of $37.12 million, as per Fiscal AI data.

Block Surges on S&P 500 Inclusion: ETFs in Focus

Block (XYZ) surged 8.5% in extended trading on July 18, 2025, following news of its inclusion in the S&P 500, replacing Hess and drawing investor attention to ETFs like SPYA and DAPP, which are expected to benefit.

6 Best-Performing ETF Areas of Second Quarter 2025

Crypto, defense, uranium, and AI-linked ETFs delivered big Q2 gains as markets rebounded from near bear territory. Winning ETFs include the likes of CRPT, KDEF, URA and PLTM.

Digital asset company, Bitdeer Technologies Group (BTDR), generated 196 Bitcoins in May, registering an 18% month-over-month increase.&nbsp;The company saw a considerable increase in its Bitcoin production and expansion across international sites, including the U.S., Norway, Bhutan, and Ethiopia.Bitdeer also said that it shipped 1.6 EH/s worth of SEALMINER A2 rigs to external clients while deploying an equal amount for its operations across Texas and Norway.&nbsp;An additional 2.6 EH/s is currently en route to sites in Texas and Bhutan. Testing for its next-generation SEALMINER A3 series has shown favorable outcomes, with pre-orders launching later this month.&nbsp;Development of the SEALMINER A4 remains on schedule for initial chip production in late 2025.“In May 2025, we continued to deploy our SEALMINER mining rigs to our sites in Texas, U.S., Norway, and Bhutan, bringing Bitdeer’s self-mining hashrate to 13.6 EH/s at the end of the month of May,” said Chief Business Officer, Matt Kong.Bitdeer’s Tydal facility in Norway is finalizing the installation of hydro cooling and utility systems. Meanwhile, the 221-megawatt (MW) site in Massillon, Ohio, is on track for phased completion between the third and fourth quarters of 2025.&nbsp;In Bhutan, the 500 MW Jigmeling location has begun energization, with major transformer installations and cooling components expected to wrap up by late August.The company has paused development at its 570 MW site in Clarington, Ohio to assess growing opportunities in high-performance computing (HPC) and artificial intelligence (AI).&nbsp;Bitdeer is also piloting an AI Cloud service, using more than 10 large language models to meet enterprise-level inference needs. These efforts signify a shift to diversify beyond Bitcoin mining.Bitdeer’s financial position strengthened in May with Tether exercising its warrants, injecting $50 million into the company through the issuance of over 5.1 million ordinary shares.&nbsp;On Stocktwits, retail sentiment around Bitdeer changed to ‘neutral’ from ‘bearish’ the previous day.<figure class="image"><img style="aspect-ratio:800/92;" src="https://news.stocktwits-cdn.com/Screenshot_2025_06_11_093545_png_479b796861.webp" alt="BTDR's Sentiment Meter and Message Volume as of 09:40 a.m. ET on Jun.11, 2025 | Source: Stocktwits" width="800" height="92"><figcaption>BTDR's Sentiment Meter and Message Volume as of 09:40 a.m. ET on Jun.11, 2025 | Source: Stocktwits</figcaption></figure><a href="https://stocktwits.com/symbol/BTDR">Bitdeer </a>stock has lost over 34% year-to-date and has gained over 87% in the last 12 months.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/nvidia-expands-ai-footprint-in-europe-with-cloud-ai-deals/chlar9LRbCp">Nvidia Expands AI Footprint In Europe With A Slew Of Cloud, AI Deals</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, the Singaporean blockchain company Bitdeer Technologies Group logo seen displayed on a smartphone in front of web page. (Photo Illustration by Timon Schneider/SOPA Images/LightRocket via Getty Images)

Bitdeer Mines 196 Bitcoins In May, Eyes AI Future With $50M Capital Boost: Retail On The Fence 

The company also expanded global operations, advanced SEALMINER tech, and paused an Ohio project to explore AI. 

Applied Digital Corp. (APLD) stock is on track to extend its winning streak to&nbsp;a fourth straight session after CoreWeave, Inc. (CRWV) disclosed an&nbsp;over 5% stake in the digital infrastructure solutions provider.Applied Digital&nbsp;shares ended Wednesday’s session up over 29% amid follow-through buying.The recent uptrend began Monday when the company announced two 15-year lease agreements with CoreWeave to host the latter’s North Dakota data center campus.&nbsp;Applied Digital is expected to earn $7 billion from the lease deal.The stock rose an incremental 9.28% in Wednesday’s after-hours session, with some of the buoyancy stemming from a 13G filing that revealed that CoreWeave has a 5.5% stake (13.06 million shares) in Applied Digital.Since the CoreWeave contract,&nbsp;<a href="https://stocktwits.com/symbol/APLD">Applied Digital stock</a> has posted a cumulative gain of 94%.On Wednesday, brokerage firm B. Riley raised its price target for the stock to $15 from $18, while maintaining a Buy rating, Fly reported. The firm anticipates further upside potential as CoreWeave's option for an additional 150 megawatt (MW) of capacity could serve as a catalyst over the next few months.The CoreWeave lease contracts further affirmed Applied Digital’s ability to become a leading provider of high-performance compute infrastructure, the firm added.On Stocktwits, retail sentiment toward Applied Digital stock stayed ‘extremely bullish’ (95/100) by late Wednesday, with the message volume at ‘extremely high’ levels.<figure class="image"><img style="aspect-ratio:617/53;" src="https://news.stocktwits-cdn.com/Screenshot_2025_06_05_at_3_16_55_AM_png_014f42e60a.webp" alt="Screenshot 2025-06-05 at 3.16.55 AM.png" width="617" height="53"><figcaption>APLD sentiment and message volume as of 3:18 a.m. ET, June 5 | source: Stocktwits</figcaption></figure>The stock was the top-trending ticker on the platform early Thursday and among the top five active tickers.A bullish watcher said the stock looks good, as they see $17 as the next stop en route to a new high.&nbsp;<stembedurl>https://stocktwits.com/b_o_b/message/616868568</stembedurl>Another user expects shorts to get squeezed out on Wednesday on the positive headlines. According to Koyfin, short interest in the stock is pretty high at 27.80%.<stembedurl>https://stocktwits.com/Sammy1404/message/616868389</stembedurl> &nbsp;Thanks to the recent surge, Applied Digital stock has recouped Trump tariff-induced losses seen in April and is up over 73% year-to-data.&nbsp;The Koyfin-compiled consensus price target of $14.28 for the stock implies nearly 8% upside potential from current levels.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next: <a href="https://stocktwits.com/news-articles/markets/equity/s-and-p-500-dow-futures-flatline-ahead-of-jobless-claims-trade-data/chkDe7ERbDL">S&amp;P 500, Dow Futures Flatline Ahead Of Jobless Claims, Trade Data: Strategist Flags This Nasdaq 100 Level As Tech-Heavy index Eyes New Record</a>

Applied Digital Stock On Retail Traders’ Radar As CoreWeave Stake Buoys Sentiment

Investment firm B. Riley said the CoreWeave lease contracts strengthen Applied Digital’s appeal as a leading provider of high-performance compute infrastructure.

5 Sector ETFs That Beat the Market in May

Hut 8 (HUT) shares surged as much as 9% in pre-market trading Monday, bucking a broader downturn among Bitcoin miners after the company announced the launch of a new subsidiary, American Bitcoin.&nbsp;The venture, focused on large-scale Bitcoin mining and strategic Bitcoin reserves, also named Eric Trump its chief strategy officer.The new entity was formed after Hut 8 spun off most of its ASIC miners in exchange for an 80% stake in American Data Centers, Inc. – backed by&nbsp;a group of investors including Eric Trump and Donald Trump Jr. – dubbed American Bitcoin.&nbsp;While the subsidiary will operate independently, its financial results will be consolidated under Hut 8’s reporting.&nbsp;Hut 8 will also serve as the exclusive infrastructure and operations partner, securing long-term revenue streams for its Power and Digital Infrastructure segments.Hut 8 framed the transaction as a strategic realignment that combines its cost-efficient infrastructure development capabilities with Trump’s commercial expertise and capital markets experience."From the start, we’ve backed our conviction in Bitcoin—personally and through our businesses," Donald Trump Jr. said. "...Simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity. We’re excited to bring investors into that equation through a platform engineered to execute on this thesis and deliver real, tangible participation in Bitcoin’s growth."Hut 8 CEO Asher Genoot described the restructuring as a way to create two complementary businesses, each tailored for its specific function.“By carving out our mining business into a standalone entity that will raise its own capital, we align each segment of the business with its respective cost of capital," Genoot said.&nbsp;<figure class="image"><img style="aspect-ratio:1296/298;" src="https://news.stocktwits-cdn.com/Screenshot_2025_03_31_071638_png_5c8d03b9b2.webp" alt="Screenshot 2025-03-31 071638.png" width="1296" height="298"><figcaption>Hut 8 retail sentiment and message volume on March 31 as of 7:15 a.m. ET | Source: Stocktwits</figcaption></figure>On Stocktwits, retail sentiment around&nbsp;<a href="https://stocktwits.com/symbol/HUT">Hut 8’s stock</a> dipped deeper into ‘bearish’ territory.One user expects Hut 8’s stock to rise above $12.70&nbsp;due to the news.<stembedurl>https://stocktwits.com/Profitrip/message/609760079</stembedurl>Another called the news a “strategic power play.”<stembedurl>https://stocktwits.com/Rage_Against_The_Machine/message/609758782</stembedurl>In addition to Eric Trump, American Bitcoin’s leadership team includes Mike Ho as executive chairman and Matt Prusak as CEO.&nbsp;Its board&nbsp;comprises Ho, Hut 8 CEO Asher Genoot, and entrepreneurs Justin Mateen and Michael Broukhim. Ho, based in Dubai, is also the CEO and co-founder of US Bitcoin Corp.The announcement comes amid strengthening financial ties between the U.S. and the&nbsp;United Arab Emirates (UAE). Earlier this month, the UAE committed to a 10-year, $1.4 trillion investment framework in the U.S. following a meeting with President Donald Trump.&nbsp;In January, Trump unveiled a $500 billion AI infrastructure project, <a href="https://stocktwits.com/news-articles/markets/equity/nvda-arm-tsmc-intc-stocks-rise-as-trump-announces-500b-ai-joint-venture/chbIyNxR8G">dubbed</a> Stargate, which has attracted significant investment from Abu Dhabi-based MGX, a firm led by Sheikh Tahnoun bin Zayed Al Nahyan, brother of the UAE’s&nbsp;President.&nbsp;The Information&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theinformation.com/articles/openai-softbank-each-commit-19-billion-to-stargate-data-center-venture">reported</a> that MGX is contributing approximately $7 billion to the initiative, which aims to build AI infrastructure in the U.S. before scaling to half a trillion dollars over time.Hut 8’s stock is up 16% over the past year but has fallen 44% in 2025.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/grayscale-avalanche-etf-filing-fails-to-lift-avax-as-crypto-makerts-drop/chJ3khKRb4c">Grayscale Avalanche ETF Filing Fails To Lift AVAX Token As Crypto Markets Drop – Retail’s Divided</a>

(L-R) Eric Trump, Ivanka Trump and Donald Trump Jr. look on following the inauguration of Donald Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. (Photo by Saul Loeb - Pool/Getty Images)

Hut 8 Stock Gains Pre-Market On Launch Of Trump-Backed Mining Venture – Retail Sentiment Lags

The venture, focused on large-scale Bitcoin mining and strategic Bitcoin reserves, also named Eric Trump its chief strategy officer.

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