Why Hut 8 Stock Popped Today

By Joe Tenebruso – Dec 17, 2025 at 7:32PM ESTKey PointsHut 8 will help to power Anthropic's AI model-training efforts.The energy infrastructure developer signed a 15-year lease that could produce over $450 million in annual operating profits.These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: HUTHut 8Market Cap$4.0BToday's Changeangle-down(8.98%) $3.31Current Price$40.16Price as of December 17, 2025 at 4:00 PM ETThe former Bitcoin miner is becoming a major player in the artificial intelligence (AI) power-generation race.Shares of Hut 8 (HUT +8.98%) climbed nearly 9% on Wednesday after the former cryptocurrency miner announced a partnership with Anthropic and a lucrative data center lease agreement. Image source: Getty Images. A shift to AI After spinning off its Bitcoin-mining business earlier this year, Hut 8 is transitioning its business to high-performance energy infrastructure used in artificial intelligence (AI) factories. Those efforts received a boost today when Hut 8 struck a deal to help power Anthropic's rapid expansion. Hut 8 will work with cloud platform operator Fluidstack to deliver at least 245 megawatts (MW) -- and as much as 2,295 MW -- of AI data center infrastructure to Anthropic at its River Bend campus in Louisiana. "Hut 8's ability to source and deliver infrastructure at scale provides the runway necessary to continue advancing the capabilities of our models," Anthropic executive James Bradbury said in a press release. ExpandNASDAQ: HUTHut 8Today's Change(8.98%) $3.31Current Price$40.16Key Data PointsMarket Cap$4.0BDay's Range$39.77 - $44.7052wk Range$10.04 - $57.29Volume23MAvg Vol7.5MGross Margin4.92% Big-time backers As part of this collaboration, Hut 8 signed a 15-year, $7 billion lease with Fluidstack at its River Bend data center campus. The company expects the deal to generate average annual net operating income of $454 million.Advertisement Interestingly, Alphabet's Google is providing a financial backstop covering the lease payments and related obligations. J.P. Morgan and Goldman Sachs are helping to finance the deal. "River Bend reflects the strength of Hut 8's power-first, innovation-driven development model, validated by the world-class counterparties we are executing alongside," Hut 8 CEO Asher Genoot said.About the AuthorJoe Tenebruso is a contributing Motley Fool stock market analyst. Previously, Joe was an investment analyst for Stock Advisor, Income Investor, and Crypto Society, as well as several other market-beating investing services. He graduated summa cum laude from Rutgers University with a Bachelor of Science in Finance.tmfguardianX@Tier1InvestorRead NextDec 15, 2025 •By Chris MacDonaldHut 8 Corp. Plunges Another 12% Today. When Will the Bleeding Stop For This Bitcoin Miner?Dec 12, 2025 •By Chris MacDonaldThe Key Reason Why Hut 8 Plunged 12% TodayOct 3, 2025 •By Eric VolkmanWhy Hut 8 Stock Was Blasting Higher This WeekFeb 14, 2024 •By Travis HoiumWhy Crypto Mining Stocks Jumped Today