Hut 8 (HUT) Stock Jumps 20% After Securing Fluidstack AI Data Center Partnership

Shares of Bitcoin mining and high-performance computing company Hut 8 Corp. (NASDAQ: HUT) experienced a significant surge, climbing approximately 20% following the announcement of a new strategic deal. The company has entered into an agreement with Fluidstack, a provider of GPU cloud infrastructure for artificial intelligence (AI) workloads. This partnership will see Hut 8 supply high-performance computing (HPC) capacity from its data centers to support Fluidstack's growing AI and machine learning client base. The deal underscores Hut 8's strategic pivot to diversify its revenue streams beyond traditional Bitcoin mining by leveraging its existing digital infrastructure for the booming AI sector. Market analysts view the move as a positive step towards capturing value in the high-growth AI data center market, potentially leading to more stable and diversified earnings for the company.