Hut 8 (HUT) Surges 9.26% on Eric Jackson’s ‘100x’ Thesis and AI Infrastructure Pivot

Summary
• Hut 8’s stock rockets 9.26% intraday to $54.57, hitting its 52-week high of $57.29
• Eric Jackson of EMJ Capital labels HUT a ‘digital infrastructure REIT with AI leverage,’ citing undervalued power and data-center assets
• Recent news includes 1.5 GW expansion plans, $330M credit facility, and bullish insider buying
• Turnover surges to 7.15M shares, with RSI at 72.27 and MACD crossing above signal line
Hut 8’s explosive move reflects a confluence of strategic repositioning and high-conviction investor backing. The stock’s 9.26% rally, fueled by Eric Jackson’s ‘100x’ growth narrative and aggressive expansion plans, underscores a shift from Bitcoin mining to AI infrastructure. With options volatility spiking and technical indicators flashing bullish signals, the market is pricing in a transformative pivot.
Eric Jackson’s AI Thesis Ignites Institutional Bullishness
Hut 8’s 9.26% surge is directly tied to Eric Jackson’s public endorsement of the stock as a ‘digital infrastructure REIT with AI leverage.’ Jackson’s argument that HUT’s $1B Bitcoin holdings and 60% stake in American Bitcoin (ABTC) are undervalued has galvanized institutional buyers. Recent developments—1.5 GW expansion plans, a $330M credit facility, and CEO Asher Genoot’s operational track record—have reinforced this narrative. The stock’s breakout above key resistance levels coincided with heavy call option buying, particularly around the $51–$55 strike range, signaling a shift in market perception from speculative miner to infrastructure play.

Options Playbook: Capitalizing on HUT’s AI-Powered Breakout
• Technical Indicators: RSI at 72.27 (overbought), MACD 4.68 (bullish), 200D MA at $20.90 (far below current price)
• Key Levels: 52W high at $57.29, 30D MA at $36.36, Bollinger Upper Band at $49.41
• Options Focus: High-gamma, high-liquidity calls for short-term momentum

Top Option 1: HUT20251024C54 (Call, $54 strike, 2025-10-24)
• IV: 140.19% (high volatility)
• Delta: 0.553 (moderate sensitivity)
• Theta: -0.3486 (rapid time decay)
• Gamma: 0.0315 (high sensitivity to price swings)
• Turnover: $15,905 (liquid)
• Leverage: 10.62% (strong gearing)
• Payoff at 5% upside ($57.29): $3.29/share
This contract offers optimal leverage for a 5% price move, with high gamma ensuring rapid premium gains if HUT breaks above $54.57. The high IV reflects market anticipation of further AI-driven momentum.

Top Option 2: HUT20251024C55 (Call, $55 strike, 2025-10-24)
• IV: 161.05% (extreme volatility)
• Delta: 0.5316 (moderate sensitivity)
• Theta: -0.3813 (aggressive time decay)
• Gamma: 0.0275 (solid sensitivity)
• Turnover: $59,483 (high liquidity)
• Leverage: 10.03% (strong gearing)
• Payoff at 5% upside ($57.29): $2.29/share
This option balances high IV with moderate delta, ideal for a controlled breakout above $55. The high turnover ensures easy entry/exit, while the 10.03% leverage amplifies returns if HUT sustains its AI narrative.

Action: Aggressive bulls should target HUT20251024C54 into a retest of $54.57. Conservative traders may use HUT20251024C55 as a hedge against a pullback. Both contracts benefit from HUT’s elevated RSI and MACD divergence, suggesting a continuation of the AI-driven rally.

Backtest Hut 8 Stock Performance
The interactive dashboard below summarises the “buy-after-a-9 % intraday surge” strategy for HUT from 2022-01-03 to 2025-10-15. Key implementation notes: • Risk-control rules (8 % stop-loss, 20 % take-profit, 10-day max hold) were auto-selected to cap downside and lock in upside when the user did not specify exit rules. • The module lets you drill down into every trade and equity curve; please explore it for detailed performance charts and statistics.

HUT’s AI Pivot: A $57.29 Target or Correction?
Hut 8’s 9.26% surge reflects a market re-rating from Bitcoin miner to AI infrastructure play, driven by Eric Jackson’s thesis and aggressive expansion plans. While the RSI at 72.27 and MACD divergence hint at overbought conditions, the options chain’s high IV and gamma suggest sustained momentum. Investors should monitor the $54.57 pivot point and 52W high at $57.29. If HUT breaks above $57.29, the 1.5 GW expansion and AI tenant announcements could propel it toward $60. However, a close below $51.98 (intraday low) would invalidate the bullish case. For context, sector leader Equinix (EQIX) is flat at 0.0098%, indicating HUT’s move is stock-specific. Act now: Buy HUT20251024C54 for a 5% upside target or short HUT20251024P57 if $54.57 fails to hold.