Hut 8 Shares Soar 3.73% as Bitcoin Holdings, $7B Data Center Deal Drive Momentum

The share price rose to its highest level so far this month, with an intraday gain of 3.73% on January 7.

Hut 8’s rally reflects a confluence of strategic developments and market dynamics. The company’s Bitcoin holdings, now totaling 5,427 BTC after a 1,064 BTC acquisition in December 2025, have elevated it to a top 20 institutional Bitcoin holder, amplifying investor confidence. Simultaneously, a $7 billion 15-year data center leasing agreement with Fluidstack, backed by Alphabet, has secured long-term revenue and positioned Hut 8 as a key player in high-performance computing infrastructure. The deal, expandable to $17.7 billion, leverages Louisiana’s cost-competitive energy environment and aligns with surging AI and crypto infrastructure demand.

Broader macroeconomic factors also underpin the stock’s performance. Anticipation of U.S. December jobs data, due January 9, has heightened volatility in risk-on assets like Bitcoin and tech infrastructure equities. Hut 8’s dual-use model—combining Bitcoin treasury growth with stable data center leasing—mitigates sector-specific risks, while Alphabet’s financial backstop reduces counterparty exposure. Analysts note that regulatory tailwinds, including U.S. onshoring initiatives, further bolster the company’s appeal in an evolving landscape for crypto and critical infrastructure. The stock’s 27.01% three-day gain underscores its role as a speculative yet fundamentals-driven play on intersecting high-growth sectors.