Trump Media Company Launches Crypto Token for Investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2025
0mins
As 2025 concludes with a convergence of politics and digital finance, U.S. president Donald Trump's media company unveils a crypto token distribution for the company's investors, while asset managers flood the zone with new filings. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us daily at2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.TRUMP MEDIA LAUNCHES SHAREHOLDER TOKEN:In a major year-end development, Trump Media & Technology Grouphas. The operator of Truth Social will distribute the token to shareholders in partnership with Crypto.com. The project is expected to operate on the Cronos blockchain, home to the native cronos token, and aims to reward shareholders while promoting "fair and transparent markets." This follows a trend of crypto-adjacent ventures from the president, whose return to the White House has already catalyzed a more favorable regulatory environment. Other crypto-related ventures that the U.S. president and his family has been involved in this past year include mining companies such as Hut 8, ALT5 Sigma Corp, American Bitcoin, and the SPAC merger with Crypto.com named Trump Media Group CRO Strategy, Inc, in addition to cryptocurrency tokens such as WLFI-USD, CRO-USD, TRUMP-USD, MELANIA-USD, and the USD-pegged stablecoin USD1.BITWISE FILES WITH SEC FOR ELEVEN STRATEGY ETFS:Asset managers are looking beyond spot assets to more complex strategy products to ring in the new year. Bitwise has. These proposed funds would utilize a rules-based strategy targeting assets such as aave, uniswap, and sui, combining direct token exposure with derivatives to capture the next wave of institutional capitalKEEFE BRUYETTE UPGRADES TERAWULF PRICE TARGET TO $24:Analysts at Keefe Bruyette have upgraded bitcoinminer TeraWulfto Outperform from Market Perform and raised its price target to $24 from $9.50. The analysts believe the market is underestimating the earnings upside from the company's strategic shift away from mining and toward high-performance computing and artificial intelligence leasing. Analysts project that high-performance computing leasing could generate roughly two-thirds of TeraWulf's revenue in 2026CYPHERPUNK BUYS ZCASH, BITMINE STAKES ETHER, AND STRATEGY BUYS BITCOIN:Public companies are closing out the year with significant moves in their digital asset portfolios. Cypherpunk Technologies(ZEC-USD), now holding roughly 1.76% of the token's circulating supply.Bitmine Immersion Technologieshas staked an additional $352M in ether, bringing its total staked holdings to approximately $1.37B. Meanwhile, in the blue-chip space, Strategyacquired over 22,000 bitcoin in December alone.COINBASE WARNS SENATE ON STABLECOIN RULES:A senior executive at Coinbasehas issued a warning regarding potential changes to U.S. stablecoin regulations., the exchange's chief policy officer stated that mishandling the "GENIUS Act" could hand China a competitive edge in the global digital payments race. This comes as China's central bank outlines plans to allow commercial banks to pay interest on digital yuan balances starting in 2026BLACKROCK LEADS BITCOIN ETF INFLOWS:Institutional demand remains robust heading into the new year., U.S. spot bitcoin ETFs ended a seven-day outflow streak with $355M in inflows on Tuesday. BlackRockled the rebound with $143.75M in inflows for its iShares Bitcoin TrustPRICE ACTION:As of time of writing, bitcoin was trading at $87,476.38, while ether was trading at $2,973.01,.
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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: 124.240
Low
17.50
Averages
24.54
High
33.00
Current: 124.240
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.
Goldman Sachs' Hedge Fund VIP List Includes Micron Technology
- Hedge Fund Favoritism: Micron Technology has made it to Goldman Sachs' coveted Hedge Fund VIP list, indicating strong interest from professional traders in its data and storage chips, reflecting optimistic market expectations for future growth.
- Outstanding Market Performance: The VIP basket has risen 10% year-to-date, outperforming the S&P 500's 9% gain, suggesting that hedge fund investment strategies are excelling in the current market environment, thereby boosting investor confidence in Micron.
- Stock Surge: Micron's shares soared 19% on Tuesday alone, pushing its market value past $1 trillion for the first time, primarily driven by insatiable AI demand for its memory chips, showcasing the company's competitiveness in emerging technologies.
- Analyst Optimism: UBS has tripled its price target on Micron to $1,625, believing that the market will start to assign a more 'normal' multiple to the stock, indicating that it is likely to continue rising as structural changes driven by AI unfold.
See More
Dan Loeb's Third Point Portfolio Adjustments
- Portfolio Expansion: Third Point made significant additions in Q1, initiating positions in tech and semiconductor firms like ASML, Lam Research, and KLA, reflecting a strong commitment to the AI trade and enhancing its competitive edge in the rapidly evolving tech landscape.
- Emerging Investments: The hedge fund also disclosed new stakes in the VanEck Semiconductor ETF and aircraft parts supplier TransDigm Group, indicating confidence in the semiconductor sector, particularly amid rising AI-driven market demand.
- Bitcoin Mining Positioning: Third Point increased its investment in Hut 8, a Miami-based energy infrastructure and bitcoin mining company, whose shares have more than doubled in 2026, highlighting investor interest in AI-related power demand and data center infrastructure opportunities.
- Position Adjustments: While Third Point reduced its stake in Taiwan Semiconductor by 35%, Amazon remains its largest equity holding, demonstrating confidence in the company's long-term growth potential despite a 10% reduction during the quarter.
See More
Jefferies Initiates Coverage on AI Data Center Developers
- Positive Market Outlook: Jefferies analysts believe that companies like Cipher Digital, Hut 8, Riot Platforms, and TeraWulf are converting large power footprints originally secured for Bitcoin mining into AI data center capabilities, which is expected to significantly enhance their market competitiveness.
- Cipher Digital's Strong Position: Jefferies initiated coverage of Cipher Digital with a Buy rating and a $32 price target, anticipating the completion of 384 MW by 2026, with a strong tenant mix supporting its financing capabilities and driving company growth.
- Hut 8's Development Potential: Hut 8 received a Buy rating and a $156 price target, with analysts noting that its 527 MW of secured capacity provides a solid foundation for future lease signings, and partnerships with IG-rated tenants will enhance its financing capabilities.
- TeraWulf's Competitive Edge: TeraWulf was rated Buy with a $28 price target, with analysts highlighting its 606 MW of available power and agreements with FluidStack and Core42 as crucial for future lease conversions, while its proximity to major markets enhances its long-term value.
See More
Latest Wall Street Rating Updates
- Nvidia Price Target Raised: UBS raised Nvidia's price target from $245 to $275, anticipating first-quarter revenue around $81 billion, suggesting a $3 billion beat against market expectations, highlighting the company's robust growth potential in the AI sector.
- Amazon Alexa Shopping Advantage: Bank of America reiterated its buy rating on Amazon, stating that the new Alexa for Shopping will replace Rufus, leveraging personalized recommendations to enhance user experience and further solidify Amazon's leadership in the e-commerce market.
- Apple Stock Price Target Increase: Evercore raised Apple's price target from $330 to $365, projecting that even with modest iPhone unit growth, the company can achieve low to mid-teens EPS and free cash flow growth due to durable services growth and ASP tailwinds from premium models.
- Starbucks Price Target Upgraded: TD Cowen raised Starbucks' price target from $106 to $120, citing multiple tangible drivers for positive sales revisions in a strong market backdrop, and forecasting margin recovery as labor investments are prioritized.
See More
AI Investment Fuels Surge in Energy Spending
- Surge in Capital Expenditure: BNP Paribas reports that AI-related capital expenditures are projected to reach $725 billion by 2026, nearly doubling last year's estimate of $365 billion, indicating robust investment demand in the energy sector.
- Significant Market Impact: The $725 billion spending is comparable to the GDP of some mid-sized European countries and nearly matches JPMorgan's market cap, highlighting the substantial influence of AI investments on the energy market, which could drive stock prices higher for related companies.
- Optimistic Industry Outlook: UBS anticipates that spending on power generation capacity will reach $511 billion by 2030, while Evercore ISI is even more bullish, forecasting expenditures of $800 billion, reflecting strong demand for energy infrastructure.
- Diverse Investment Opportunities: Investors should consider energy infrastructure firms like Hut 8, which recently signed a $9.8 billion deal leading to a stock surge, and Fluence Energy, which saw its shares double after securing supply agreements with major tech companies, showcasing the strong demand for energy solutions.
See More
Jacobs Secures EPCM Contract for Hut 8 AI Data Center
- Contract Award: Jacobs has secured a contract with energy infrastructure company Hut 8 to provide engineering, procurement, and construction management (EPCM) services for a new AI data center in Texas, marking a significant expansion in the AI infrastructure sector.
- Project Scale: The new data center, named Beacon Point, is located in Nueces County and is structured for phased delivery, aiming for a total capacity of up to 1GW, reflecting Hut 8's anticipated growth in demand for high-performance computing services.
- Technology Implementation: Jacobs will incorporate digital twin technology to simulate and manage the facility's critical systems, supporting the early commissioning process and enhancing operational readiness for AI workloads, ensuring efficient project delivery.
- Ongoing Collaboration: Jacobs' continued involvement with Hut 8 highlights its broader participation in infrastructure projects for technology providers in data centers, semiconductors, and advanced manufacturing, further solidifying its market position.
See More
Goldman Sachs' Hedge Fund VIP List Includes Micron Technology
- Hedge Fund Favoritism: Micron Technology has made it to Goldman Sachs' coveted Hedge Fund VIP list, indicating strong interest from professional traders in its data and storage chips, reflecting optimistic market expectations for future growth.
- Outstanding Market Performance: The VIP basket has risen 10% year-to-date, outperforming the S&P 500's 9% gain, suggesting that hedge fund investment strategies are excelling in the current market environment, thereby boosting investor confidence in Micron.
- Stock Surge: Micron's shares soared 19% on Tuesday alone, pushing its market value past $1 trillion for the first time, primarily driven by insatiable AI demand for its memory chips, showcasing the company's competitiveness in emerging technologies.
- Analyst Optimism: UBS has tripled its price target on Micron to $1,625, believing that the market will start to assign a more 'normal' multiple to the stock, indicating that it is likely to continue rising as structural changes driven by AI unfold.
See More
Dan Loeb's Third Point Portfolio Adjustments
- Portfolio Expansion: Third Point made significant additions in Q1, initiating positions in tech and semiconductor firms like ASML, Lam Research, and KLA, reflecting a strong commitment to the AI trade and enhancing its competitive edge in the rapidly evolving tech landscape.
- Emerging Investments: The hedge fund also disclosed new stakes in the VanEck Semiconductor ETF and aircraft parts supplier TransDigm Group, indicating confidence in the semiconductor sector, particularly amid rising AI-driven market demand.
- Bitcoin Mining Positioning: Third Point increased its investment in Hut 8, a Miami-based energy infrastructure and bitcoin mining company, whose shares have more than doubled in 2026, highlighting investor interest in AI-related power demand and data center infrastructure opportunities.
- Position Adjustments: While Third Point reduced its stake in Taiwan Semiconductor by 35%, Amazon remains its largest equity holding, demonstrating confidence in the company's long-term growth potential despite a 10% reduction during the quarter.
See More
Jefferies Initiates Coverage on AI Data Center Developers
- Positive Market Outlook: Jefferies analysts believe that companies like Cipher Digital, Hut 8, Riot Platforms, and TeraWulf are converting large power footprints originally secured for Bitcoin mining into AI data center capabilities, which is expected to significantly enhance their market competitiveness.
- Cipher Digital's Strong Position: Jefferies initiated coverage of Cipher Digital with a Buy rating and a $32 price target, anticipating the completion of 384 MW by 2026, with a strong tenant mix supporting its financing capabilities and driving company growth.
- Hut 8's Development Potential: Hut 8 received a Buy rating and a $156 price target, with analysts noting that its 527 MW of secured capacity provides a solid foundation for future lease signings, and partnerships with IG-rated tenants will enhance its financing capabilities.
- TeraWulf's Competitive Edge: TeraWulf was rated Buy with a $28 price target, with analysts highlighting its 606 MW of available power and agreements with FluidStack and Core42 as crucial for future lease conversions, while its proximity to major markets enhances its long-term value.
See More
Latest Wall Street Rating Updates
- Nvidia Price Target Raised: UBS raised Nvidia's price target from $245 to $275, anticipating first-quarter revenue around $81 billion, suggesting a $3 billion beat against market expectations, highlighting the company's robust growth potential in the AI sector.
- Amazon Alexa Shopping Advantage: Bank of America reiterated its buy rating on Amazon, stating that the new Alexa for Shopping will replace Rufus, leveraging personalized recommendations to enhance user experience and further solidify Amazon's leadership in the e-commerce market.
- Apple Stock Price Target Increase: Evercore raised Apple's price target from $330 to $365, projecting that even with modest iPhone unit growth, the company can achieve low to mid-teens EPS and free cash flow growth due to durable services growth and ASP tailwinds from premium models.
- Starbucks Price Target Upgraded: TD Cowen raised Starbucks' price target from $106 to $120, citing multiple tangible drivers for positive sales revisions in a strong market backdrop, and forecasting margin recovery as labor investments are prioritized.
See More
AI Investment Fuels Surge in Energy Spending
- Surge in Capital Expenditure: BNP Paribas reports that AI-related capital expenditures are projected to reach $725 billion by 2026, nearly doubling last year's estimate of $365 billion, indicating robust investment demand in the energy sector.
- Significant Market Impact: The $725 billion spending is comparable to the GDP of some mid-sized European countries and nearly matches JPMorgan's market cap, highlighting the substantial influence of AI investments on the energy market, which could drive stock prices higher for related companies.
- Optimistic Industry Outlook: UBS anticipates that spending on power generation capacity will reach $511 billion by 2030, while Evercore ISI is even more bullish, forecasting expenditures of $800 billion, reflecting strong demand for energy infrastructure.
- Diverse Investment Opportunities: Investors should consider energy infrastructure firms like Hut 8, which recently signed a $9.8 billion deal leading to a stock surge, and Fluence Energy, which saw its shares double after securing supply agreements with major tech companies, showcasing the strong demand for energy solutions.
See More
Jacobs Secures EPCM Contract for Hut 8 AI Data Center
- Contract Award: Jacobs has secured a contract with energy infrastructure company Hut 8 to provide engineering, procurement, and construction management (EPCM) services for a new AI data center in Texas, marking a significant expansion in the AI infrastructure sector.
- Project Scale: The new data center, named Beacon Point, is located in Nueces County and is structured for phased delivery, aiming for a total capacity of up to 1GW, reflecting Hut 8's anticipated growth in demand for high-performance computing services.
- Technology Implementation: Jacobs will incorporate digital twin technology to simulate and manage the facility's critical systems, supporting the early commissioning process and enhancing operational readiness for AI workloads, ensuring efficient project delivery.
- Ongoing Collaboration: Jacobs' continued involvement with Hut 8 highlights its broader participation in infrastructure projects for technology providers in data centers, semiconductors, and advanced manufacturing, further solidifying its market position.
See More
