Hut 8 Corp rises as cryptocurrency stocks gain traction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2025
0mins
Should l Buy HUT?
Source: 8-K
Hut 8 Corp's stock increased by 5.32% as it crossed above the 5-day SMA, reflecting a positive trend in the cryptocurrency sector.
The rise in Hut 8's shares is part of a broader trend, with other cryptocurrency-related stocks like Riot Platforms and Marathon Holdings also showing gains. This indicates a favorable market sentiment towards digital assets, particularly as Bitcoin has climbed over 4% recently, boosting investor confidence.
The implications of this upward movement suggest that Hut 8 Corp is benefiting from the overall positive performance in the cryptocurrency market, which may attract more investors looking for opportunities in this sector.
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Analyst Views on HUT
Wall Street analysts forecast HUT stock price to fall
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 47.405
Low
17.50
Averages
24.54
High
33.00
Current: 47.405
Low
17.50
Averages
24.54
High
33.00
About HUT
Hut 8 Corp. is an energy infrastructure platform. The Company's segments include Power, Digital Infrastructure, Compute, and Other. The Company's Power segment acquires, develops, and manages critical energy assets such as interconnects, powered land, and other electrical infrastructure to address the load demands of energy-intensive applications such as Bitcoin mining and high-performance computing. Its Power segment consists of power generation and managed services. Its Digital Infrastructure segment consists of CPU Colocation and ASIC Colocation services. The Company's Compute segment consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. The Company, through its subsidiary, American Bitcoin Corp., is focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The Company's platform spans approximately 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surging Data Center Demand: According to Dell'Oro Group, global data center spending is projected to soar to $1.7 trillion by 2030, driving investments in AI infrastructure, particularly benefiting chipmakers and data center builders.
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- Rapid Growth of Nebius Group: Nebius Group achieved a remarkable 547% year-over-year revenue increase in Q4, reaching an annualized revenue of $1.2 billion, with expectations to grow to $7 billion to $9 billion by the end of 2026, highlighting its strong position in AI cloud infrastructure.
- Long-Term Contracts for Hut 8: Hut 8 signed a 15-year, $7 billion deal with Fluidstack and Anthropic, initially supplying 245 megawatts of power, with over 2 gigawatts of data center capacity to be delivered, showcasing significant growth potential in the AI infrastructure sector.
See More
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- Company Announcement: MARA Holdings announced the sale of $1.1 billion worth of Bitcoin.
- Purpose of Sale: The proceeds from the sale will be used to support the company's expansion into artificial-intelligence computing.
- Market Reaction: Following the announcement, shares of MARA Holdings experienced a significant spike.
- Strategic Shift: The move indicates a strategic shift for MARA Holdings towards integrating AI technology into its operations.
See More
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- High Activity Contracts: Among Braze's options, the $25 strike call option was particularly active, with 2,332 contracts traded today, equating to approximately 233,200 shares, reflecting investor expectations for the stock's upward movement.
- Snowflake Options Volume: Snowflake Inc (Ticker: SNOW) experienced an options trading volume of 30,858 contracts today, representing around 3.1 million shares, or about 51.1% of its average daily trading volume of 6.0 million shares over the past month, showcasing heightened investor attention to its market dynamics.
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