Bitcoin Miner Hut 8's Stock Soars After Inking $7 Billion Google-Backed AI Deal

Shares in publicly traded Bitcoin miner Hut8 (HUT) are soaring after the firm booked a new $7 billion, 15-year deal with Fluidstack—backstopped by Google—to provide power for high-performance computing via a 245MW data center at its River Bend campus in Louisiana.  HUT was recently changing hands at $42.55 shortly after the opening bell on Wednesday, a gain of more than 15%. HUT is up nearly 13% in the last month, and better than 150% in the last six months. “This agreement is the result of disciplined, pa ...