Hut 8 Skyrockets with AI Infrastructure Deals, Securing $27B in Contracts
Miami, August 8, 2026 — Hut 8 Corp. (NASDAQ: HUT), the energy infrastructure company that has dramatically pivoted from Bitcoin mining to artificial intelligence data centers, is in the spotlight today. Its stock has climbed sharply, continuing a remarkable 128% year-to-date gain fueled by a string of landmark AI infrastructure deals.
The company now commands approximately $27 billion in contracted AI revenue and roughly $1.75 billion in annualized EBITDA, according to CEO Asher Genoot. Key to this transformation was Hut 8’s $9.8 billion, 15-year lease for the second phase of its Beacon Point AI data center campus in Texas.
- A 704-megawatt deal with an unnamed investment-grade technology hyperscaler
- An earlier $7 billion partnership with Anthropic and Fluidstack to build up to 2,295 megawatts of AI data center capacity at its River Bend campus in Louisiana, backed financially by Google.
Morgan Stanley recently initiated coverage of Hut 8 with an Overweight rating and a price target of $263, implying shares could more than double from current levels. Analysts cite the company’s power-first infrastructure model and gigawatt-scale pipeline as key differentiators in the booming AI compute market.
Hut 8 stock has traded between $44 and $133 in 2026, reflecting both the opportunity and volatility inherent in the company’s bold transformation.
Source: Yahoo Finance — Hut 8 Stock Surges Up to 200% in 2026 as Bitcoin Mining Unit Struggles