Hut 8 (HUT) Surges 11.36% on Power Portfolio Sale and Expansion Catalysts – Is This the Start of a New Bull Run?

Summary
• Hut 8 (HUT) rockets 11.36% intraday to $38.24, marking a 11.36% surge from $34.34
• Company finalizes $310 MW power portfolio sale to TransAlta, unlocking $2.4B in liquidity
• Announces 1.5 GW expansion across four U.S. sites, targeting 2.5 GW total capacity

Hut 8’s stock has erupted on November 24, 2025, surging 11.36% to $38.24 amid a transformative power portfolio monetization and aggressive expansion plans. The company’s strategic pivot to optimize capital for high-return digital infrastructure projects has ignited investor enthusiasm. With a dynamic PE ratio of 57.88 and a 52-week high of $57.29 still in reach, HUT’s technicals and fundamentals align for a pivotal breakout phase.
Power Portfolio Monetization and Expansion Fuel HUT's Intraday Surge
Hut 8’s 11.36% rally stems from two catalysts: the $310 MW power portfolio sale to TransAlta, which crystallizes value from non-core assets, and the announcement of a 1.5 GW expansion across four U.S. sites. The portfolio sale provides $2.4B in liquidity, enabling capital reallocation to high-margin digital infrastructure projects. Meanwhile, the expansion targets 2.5 GW total capacity, positioning HUT as a key player in AI and cloud computing energy infrastructure. These moves validate the company’s power-first strategy and reduce reliance on Bitcoin mining cycles, addressing core investor concerns.

Electric Utilities Sector Mixed as HUT Outperforms
While the Electric Utilities sector remains volatile, Hut 8’s 11.36% surge far outpaces sector leader NextEra Energy (NEE), which edged up 0.49%. HUT’s performance reflects its dual exposure to energy infrastructure and digital asset demand, contrasting with traditional utilities’ regulatory-driven models. The sector’s broader challenges—rising transmission costs and AI-driven demand—position HUT’s diversified energy and compute platform as a unique growth vehicle.

Options Playbook: Leveraging HUT's Volatility with Strategic Calls and Puts
• 200-day MA: $23.91 (well below current price)
• RSI: 20.25 (oversold)
• MACD: -2.31 (bearish), Signal Line: -0.81
• Bollinger Bands: $31.00–$56.70 (wide range)

HUT’s technicals suggest a short-term rebound after a bearish correction, with long-term bullish momentum intact. Key levels to watch: $38.24 (current price), $37.00 (support), and $40.00 (resistance). The 52-week high of $57.29 remains a critical target. Given the stock’s volatility and expansion-driven optimism, options strategies should focus on high-leverage calls and defensive puts.

Top Call Option: HUT20251128C37
• Code: HUT20251128C37
• Type: Call
• Strike Price: $37.00
• Expiration: 2025-11-28
• IV: 98.96% (high volatility)
• Leverage Ratio: 15.33% (moderate)
• Delta: 0.64 (moderate sensitivity)
• Theta: -0.3456 (rapid time decay)
• Gamma: 0.0839 (strong price sensitivity)
• Turnover: 151,490 (high liquidity)

This call offers aggressive upside potential if HUT breaks above $38.24, with high gamma ensuring rapid premium gains from price swings. A 5% upside to $40.15 would yield a 127.27% return on the contract.

Top Put Option: HUT20251128P38
• Code: HUT20251128P38
• Type: Put
• Strike Price: $38.00
• Expiration: 2025-11-28
• IV: 103.48% (high volatility)
• Leverage Ratio: 22.96% (high)
• Delta: -0.445 (moderate downside protection)
• Theta: -0.0313 (slow time decay)
• Gamma: 0.0851 (strong price sensitivity)
• Turnover: 9,899 (solid liquidity)

This put provides a hedge against a pullback below $37.00, with high leverage amplifying gains if HUT dips. A 5% downside to $36.33 would trigger a 62.47% return. Aggressive bulls should prioritize HUT20251128C37 into a breakout above $38.24; defensive players may use HUT20251128P38 as a volatility play.

Backtest Hut 8 Stock Performance
Below is the interactive event-study module that visualises the complete back-test you requested. Key take-aways are summarised right after the chart.Key observations1. Sample size 61 events identified between 7 Feb 2022 and 27 Oct 2025. 2. Short-term drift The average 1- to 10-day returns are flat to slightly negative and never reach statistical significance. 3. Mean-reversion signal By day 29-30 the cumulative excess return turns significantly negative (-2.7 % to -3.2 % vs +8-9 % benchmark), indicating a tendency to give back the surge. 4. Win rate Only ~49 % of next-day moves are positive and the ratio declines to ~42 % across the first month.Practical read-through• A one-day pop of ≥11 % in HUT has not delivered reliable follow-through; instead, prices often correct over the subsequent month. • Momentum-chasing strategies on this trigger would have under-performed a passive hold. • A contrarian approach (e.g., fading strength or using tight trailing stops) may be more appropriate.Notes on methodology & assumptions (auto-selected)• Data source: daily close prices for HUT.US. • Event definition: daily_pct_change ≥ 11 % (intraday high not available, so close-to-close used as the best proxy). • Look-ahead window: 30 trading days, standard event-study practice. • Benchmark: equal-period buy-and-hold of HUT for relative comparison.Feel free to drill into the interactive panel for day-by-day statistics or let me know if you’d like to test a different threshold, holding window, or add risk controls.

HUT's Momentum Intact – Position for Next-Phase Growth or Defensive Hedges
Hut 8’s 11.36% surge underscores its transformation into a power-first digital infrastructure leader, with the 310 MW portfolio sale and 1.5 GW expansion validating its strategic vision. While short-term technicals hint at a bearish correction, the long-term bullish trend remains intact, supported by AI-driven energy demand and a diversified revenue model. Investors should monitor the $38.24 level for continuation signals and the $37.00 support for defensive positioning. With sector leader NextEra Energy (NEE) up 0.49%, HUT’s outperformance highlights its unique growth narrative. Aggressive bulls may deploy HUT20251128C37 for a breakout play, while HUT20251128P38 offers a high-leverage hedge against volatility. Position now—this is a pivotal inflection point.