Hut 8 Stock Surges 20% on $7B Fluidstack AI Deal

Hut 8's stock price surged 20% on December 17, 2025, following the announcement of a $7 billion long-term lease with Fluidstack for AI data center infrastructure, backed by Google.

Price Action Details

• Hut 8's stock closed at $15.20, up 20% from the previous day's close of $12.67.
• The 24-hour change was +20%, while the 7-day change stood at +12% and the 30-day change at +5%.
• Key support levels are at $13.00 and $11.50, with resistance at $16.00 and $18.00.
• Trading volume reached 5 million shares, 150% above the 30-day average volume of 2 million shares.
• The market cap increased by approximately $300 million to $1.8 billion.

Driving Factors

• The surge was driven by Hut 8's strategic pivot into AI infrastructure through a $7 billion deal with Fluidstack, backed by Google.
• On-chain data showed increased activity around Hut 8's token, with a 30% rise in transaction volume over the past 24 hours.
• Significant whale activity was observed, with a single transaction moving 100,000 HUT tokens shortly after the announcement.
• The news catalyst was the Fluidstack deal reported by CoinDesk.

Broader Market Context

• Bitcoin (BTC) and Ethereum (ETH) saw minimal changes, with BTC up 0.5% and ETH down 0.2% over the same period.
• The DeFi sector showed stable growth, with total value locked (TVL) increasing by 3% to $120 billion, according to DefiLlama.
• The Fear & Greed Index remained neutral at 50, indicating a balanced market sentiment.
• Analysts at The Block noted that Hut 8's move into AI could set a precedent for other miners diversifying into tech infrastructure.