By Francisco Velasquez
Publication Date: 2025-12-18 18:31:00
The “crypto miner” label is becoming a relic of the past for Hut 8 (HUT).
In a move that signals a massive strategic shift, Hut 8 announced a $7 billion deal to build a data center complex in Louisiana for Anthropic (ANTH.PVT). The move effectively trades the volatility of bitcoin (BTC-USD) for the high-margin stability of AI infrastructure.
“We think that the value of energy will continue to go up, and so for us, we [had] to be patient and figure out what was a fair deal that added value to our customers, but that drove a strong return to our shareholders,” Hut 8 CEO Asher Genoot told Yahoo Finance’s Opening Bid.
The market is rewarding the transformation. The energy infrastructure company’s stock surged roughly 20% on Wednesday following the announcement as investors cheered its potential to secure blue-chip partners in a crowded field.
Beyond the one-day pop, the stock has been a standout in the mining-to-AI pivot, fueled by…
