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Hut 8 (HUT) Sells Its 310-Megawatt Portfolio of Four Natural Gas Plants

Hut 8 Corp. (NASDAQ:HUT) is one of the best crypto-related stocks to invest in.

On November 17, 2025, Hut 8 Corp. (NASDAQ:HUT) announced the sale of its 310-megawatt portfolio of four natural gas plants in Ontario to TransAlta. Before this sale, the company successfully stabilized its assets. Far North, an entity established by Hut 8 and Macquarie Equipment Finance, secured five-year capacity contracts across the 310-megawatt portfolio earlier this year. Following this deal, TransAlta will now own the portfolio.

On November 5, 2025, The Fly reported that Hut 8 Corp. (NASDAQ:HUT)’s price target was raised from $26 to $58 by Northland’s analyst Mike Grondahl, who maintained his “Outperform” rating. The price revision, alongside the bullish stance, reflects the solid quarter for the company’s subsidiary, American Bitcoin (ABTC). Furthermore, the analyst emphasized the need for execution on the HPC side. However, he also cited the company’s 8.7 GW energy capacity pipeline, which includes 1.5 GW under development.

Meanwhile, on November 4, 2025, Hut 8 Corp. (NASDAQ:HUT) reported Q3 2025 results, which marked a 91% YoY revenue growth, helping it record $83.5 million in revenue. Moreover, the company recorded $50.6 million in net income, a significant jump from $0.9 million in the prior year. Thanks to strong Bitcoin mining results and the Compute segment’s performance, the company recorded a surge in adjusted EBITDA, rising from $5.6 million to $109 million. The Compute segment’s revenue surged from $13.7 million to $70 million.

The company closed the quarter with 13,696 Bitcoin holdings, which are equivalent to roughly $1.6 billion. Having liquidity and optionality to support its growth initiatives, Hut 8 Corp. (NASDAQ:HUT)’s energy capacity under development spans 1,530 MW across four U.S. locations. Thus, the company appears to be in a strong position to meet the demand for AI, HPC, and other energy-intensive workloads.

However, the quarter also marked challenges such as declining Power segment revenue, market skepticism about pipeline execution, and competition for power deals. Acknowledging the challenges, the management plans to strategically sequence projects to secure commitments, mitigate supply chain risks, and ensure timely delivery.

Operating integrated Bitcoin mining, compute, and digital infrastructure platforms, Hut 8 Corp. (NASDAQ:HUT) combines energy assets with computing capacity to capitalize on cryptocurrency and emerging high-performance computing demand.

While we acknowledge the potential of HUT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HUT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Small-Cap Biotech Stocks to Buy According to Analysts and 11 Best AI Infrastructure Stocks to Buy Right Now.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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