Hut 8 Stock Rallies 12% on Major AI Infrastructure Expansion and 15-Year Capacity Deal

Hut 8 Corp. (HUT) witnessed a significant market surge, with shares climbing 11.57% to settle at $41.12, representing a $4.27 daily gain. The rally was triggered by the company’s announcement of two strategic developments: a substantial 15-year lease agreement securing 245 megawatts of AI data center capacity and a concurrent partnership focused on large-scale AI infrastructure deployment.

The centerpiece of today’s announcement involves Hut 8’s River Bend campus, where the company has committed to a long-term arrangement covering significant AI computational resources. This move underscores the organization’s deliberate transition from its historical focus on bitcoin mining toward the rapidly expanding artificial intelligence computing sector.

Market performance reflected investor enthusiasm for the news. During today’s trading session, HUT opened near $37.10, peaked at $42.05 intraday, and dipped to $36.85 at its session low. The stock’s 52-week trading range spans from approximately $7.68 to $42.05, with today’s close positioning the security near its annual high. The previous session had closed at $36.85, establishing the baseline for today’s substantial single-day advance.

The partnership announcement complements the lease agreement by establishing a operational framework for developing and managing large-scale AI computing infrastructure. Together, these initiatives represent a fundamental repositioning of Hut 8’s business model, capitalizing on the infrastructure demands emerging from the artificial intelligence sector’s explosive growth trajectory.