Quick Read – News of Hut 8’s $9.8B, 15-year AI lease sent HUT stock surging 10% and pulled MARA stock up 8% while RIOT stock rose 4%, even as Bitcoin traded sideways. – The WGMI Bitcoin-miner ETF jumped 8% with the cohort, and Riot Platforms’ $636 million AMD lease at Rockdale…
oves the miner-to-AI pivot already generates real revenue. – Hut 8’s total contracted portfolio hit $26.6B with expected annual NOI above $1.75 billion, while analysts have set their price targets as high as $226. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marathon Digital didn’t make the cut. Grab the names FREE today
Shares of Hut 8 (NASDAQ:HUT) are surging in Monday morning trading, with the stock up 10% to $100.58 after the energy infrastructure operator announced a second hyperscale AI data center lease that fully commercializes its flagship Texas campus. The move extends a volatile stretch for the name, which had fallen 23% over the past month heading into the announcement. The rally is dragging peer miners higher in sympathy.
Marathon Digital (NASDAQ:MARA) shares are up 8% to $11.57, and Riot Platforms (NASDAQ:RIOT) shares are trading 4% higher at $19.03. The CoinShares Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) is along for the ride, with the ETF up 8% to $51.58. Notably, the sector is rallying while Bitcoin (CRYPTO:BTC) trades slightly lower over the past 24 hours at $64,317.