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Hut 8 Stock Rises on AI Data-Center Bets Amid Regulatory Risks

Guavy AI Editorial Team
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Hut 8 Corp.'s stock has surged by 9.37 percent as investors grow optimistic about its expanded Bitcoin mining capacity.

The company is building a data center that will host Anthropic's $35 billion cloud compute deal with Lambda, backed by an earlier capacity agreement with Nvidia.

Freedom Capital launched coverage of Hut 8 with a Buy rating and a $132 price target, praising its pivot from crypto mining to AI while stressing above-average risk.

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