Why Hut 8 Stock Soared Today
Key Points
Benchmark believes investors are underappreciating the value of Hut 8's partnership with Anthropic.
The energy infrastructure builder signed a long-term lease that could be worth as much as $17.7 billion.
- 10 stocks we like better than Hut 8 ›
Shares of Hut 8 (NASDAQ: HUT) popped on Monday following positive analyst commentary.
By the close of trading, Hut 8's stock price was up more than 14%.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Getty Images.
Pounding the table on Hut 8
Benchmark analyst Mark Palmer says the artificial intelligence (AI) infrastructure developer's stock is a buy and on its way to $85 per share.
Palmer applauded Hut 8's recently announced deal with fast-growing AI model builder Anthropic. Hut 8 is partnering with cloud service provider Fluidstack to deliver a minimum of 245 megawatts (MWs) of computing power to Anthropic at its data center campus in Louisiana.
As part of the agreement, Fluidstack entered a 15-year, $7 billion lease with Hut 8. With planned expansions and contract renewal options, Hut 8 could deliver up to 2,295 MW of utility capacity. In turn, Palmer notes that the total contract value could reach as high as $17.7 billion.
Solid deal economics
Moreover, Palmer appreciates Hut 8's patience in waiting to procure a deal with superior investment returns. He highlighted the fact that Alphabet's Google is providing a financial backstop that includes lease payments, which helps to reduce counterparty risk and ensure the predictability of Hut 8's cash flows.
Should you buy stock in Hut 8 right now?
Before you buy stock in Hut 8, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hut 8 wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $509,039!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,109,506!*
Now, it’s worth noting Stock Advisor’s total average return is 972% — a market-crushing outperformance compared to 193% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of December 22, 2025.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.
Recommended Articles
