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Why Xunlei Ltd. Stock Jumped Friday

TheMotleyFool

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Shares of the China-based cloud-computing company Xunlei (NASDAQ: XNET) jumped as much as 12.6% on Friday -- but the stock is up about 5% at the time of this writing. Bullishness toward the stock follows Bloomberg's look at Xunlei's cryptocurrency project.

As Bloomberg states, Xunlei's cryptocurrency ambitions seem to be getting attention amid bitcoin hype. Calling Xunlei the "hottest stock on the Nasdaq," the report may have shed some fresh light on Xunlei's "Wanke coin mining" project.

Image source: Getty Images.

Source: Fool.com