Hut 8 is trading 4.29% up at $80.90 after reports linked its Beacon Point campus to Anthropic’s $35 billion cloud-computing agreement with Nvidia-backed Lambda.
- Reuters reported the Texas project involves approximately 350 megawatts of capacity being developed by Hut 8, strengthening enthusiasm for its AI-infrastructure transition.
- Bitcoin is up only 0.49% over 24 hours and Ethereum is down 0.95%; crypto performance does not explain the magnitude, while weaker technology stocks make the company-specific AI catalyst more significant.