HUT Hut 8 Corp. Common Stock

Hut 8 (HUT) shares fell about 3% despite a modest rise in bitcoin, underperforming other crypto miners. Investors are focusing on Hut 8's recently announced Google-backed AI data center lease and its execution timeline. This pullback highlights the stock's sensitivity to both bitcoin-linked equities and the market's burgeoning demand for AI data centers.

Jacobs has been selected as the engineering, procurement, and construction management partner for the $10 billion Hut 8 project. The Dallas-based firm will collaborate with Vertiv, a digital infrastructure provider, on this significant undertaking. J.P. Morgan and Goldman Sachs will underwrite the project's financing, covering up to 85% of the total costs.

Hut 8 (NASDAQ:HUT) stock experienced a 3.2% increase on Monday, reaching an intraday high of $51.99, despite lower-than-average trading volume. Analysts maintain a consensus "Buy" rating for the company, with an average price target of $53.76, based on strong institutional ownership and better-than-expected quarterly earnings and revenue. The company, a North American digital infrastructure firm specializing in cryptocurrency mining and high-performance computing, reported EPS of ($0.07) against an estimate of ($0.16) and revenues of $80.72M versus estimates of $64.70M.

Hut 8 Corp. (HUT) has received consistently bullish ratings from analysts, supported by a recently finalized $7 billion deal with FluidStack. This deal involves leasing 245 megawatts of its data center capacity, ensuring long-term cash flows and paving the way for future expansion. Despite a 158% share price increase in 2025, analysts maintain an average price target that implies additional upside.

Paradiem LLC recently purchased 47,447 shares of Hut 8 Corp. (NASDAQ: HUT), establishing a new stake valued at approximately $1.65 million, contributing to institutional investors owning 31.75% of the stock. Hut 8 outperformed revenue and EPS expectations in its latest quarter, reporting $80.72 million in revenue and ($0.07) EPS against analyst estimates. Analyst sentiment remains positive with a consensus "Buy" rating and an average target price of $53.76, including recent target increases.

Hut 8 Corp. (NASDAQ: HUT) experienced a significant pullback on Friday, closing down 6% at $49.64, despite its strong year-to-date performance driven by its pivot to AI infrastructure. The company’s recent partnerships with Anthropic and Fluidstack, including a $7.0 billion lease agreement with Google's financial backstop, highlight its focus on high-performance computing. Analysts remain largely bullish on HUT, with average price targets suggesting significant upside, while investors are closely monitoring Bitcoin's weekend performance and pre-market activity for Monday's open.