Hut 8 Corp. (NASDAQ:HUT) emerged as a standout performer in the stock market on Monday, soaring to a new four-year high due to a surge in investor confidence. The company’s stock price reached an intra-day peak of $59.76 before settling to close at $58.25, a notable increase of 13.61 percent. This upswing in price was largely attributed to the successful acquisition of additional Bitcoins by its subsidiary, American Bitcoin, which has now positioned Hut 8 among the top 20 holders of Bitcoin treasury.
In a recent update, American Bitcoin announced that it had expanded its holdings to 5,427 Bitcoins, having acquired 1,064 of those in December 2025 alone. This strategic move has contributed to the heightened investor interest and optimism surrounding Hut 8 Corp., particularly as the broader cryptocurrency market displayed renewed vigor throughout the trading day.
The stock’s rise was also in alignment with favorable expectations regarding upcoming U.S. jobs data. Economists predict that 54,000 new jobs will be created in December, with the Labor Department set to release the official figures on January 9. Traders seem to be reacting positively in anticipation of this report, driving demand for stocks like Hut 8.
In addition to its performance in the cryptocurrency space, Hut 8 recently secured a significant 15-year leasing agreement with Fluidstack, valued at $7 billion, which could potentially rise to $17.7 billion if certain renewal conditions are met. This agreement will harness capacity from Hut 8’s River Bend campus in Louisiana, with the initial data hall expected to be completed by the second quarter of 2027. Under this deal, Fluidstack will also have the right of first offer to lease an additional 1,000 megawatts of IT capacity as the campus expands.
Adding to the agreement’s robustness, Google, a subsidiary of Alphabet Inc., will provide a financial backstop, assuring that lease payments and related charges will be covered.
Despite Hut 8’s burgeoning prospects, some market analysts maintain that other sectors, particularly AI stocks, could offer better investment returns with limited downside risk. Investors are encouraged to explore these alternative investment opportunities while keeping an eye on Hut 8’s developments.
Overall, Hut 8 Corp.’s recent performance and strategic moves illustrate its growing influence in the cryptocurrency and data center leasing markets, positioning it for potential long-term success.
