Hut 8 shares surge 17.99% after-hours on $7B AI data center lease with Anthropic and FluidStack.

Hut 8 surged 17.99% in after-hours trading, driven by a 7% rebound in Bitcoin to $68,000 and a $7 billion AI data center lease with Anthropic and Fluidstack. The Bitcoin recovery restored sector confidence, while the strategic partnership solidified Hut 8’s pivot to AI infrastructure, positioning it to capitalize on $10 trillion in corporate AI spending. Analysts also upgraded price targets, citing scalable growth and Google-backed partnerships, further fueling optimism.