Why Hut 8 Stock Popped Today
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
