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Why Hut 8 Stock Popped Today

TheMotleyFool

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Shares of Hut 8 (NASDAQ: HUT) climbed nearly 9% on Wednesday after the former cryptocurrency miner announced a partnership with Anthropic and a lucrative data center lease agreement.

Image source: Getty Images.

After spinning off its Bitcoin-mining business earlier this year, Hut 8 is transitioning its business to high-performance energy infrastructure used in artificial intelligence (AI) factories. Those efforts received a boost today when Hut 8 struck a deal to help power Anthropic's rapid expansion.

Source Fool.com

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