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Hut 8 (HUT) Touches 4-Year High on Bitcoin Frenzy

We recently published 10 Stocks With Easy Double-Digit Gains. Hut 8 Corp. (NASDAQ:HUT) was one of the top performers on Monday.

Hut 8 soared to a new four-year high on Monday, as investor sentiment was fueled by its subsidiary’s acquisition of more Bitcoins, placing the company among the top 20 treasury holders of the cryptocurrency.

At intra-day trading, the stock jumped to its highest price of $59.76 before paring gains to end the day just up by 13.61 percent at $58.25.

Hut 8’s Vega Data Center. Photo from Hut 8 Corp

In an update during the week, its subsidiary, American Bitcoin, said that it boosted its ownership to 5,427 Bitcoins following the acquisition of 1,064 in December 2025 alone.

Hut 8 Corp. (NASDAQ:HUT) also rallied alongside its counterparts, mimicking the cryptocurrency’s renewed strength during the day,  as traders placed bets ahead of US jobs data for December, where economists expect 54,000 new jobs to be created. The Labor Department would release the official results on Friday, January 9.

In other news, Hut 8 Corp. (NASDAQ:HUT) last month clinched a $7 billion 15-year data center leasing agreement with Fluidstack, with a potential for the contract value to jump to $17.7 billion upon the execution of three five-year renewals.

Hut 8 Corp. (NASDAQ:HUT) said that the capacity would come from its River Bend campus in Louisiana, with the initial data hall targeted for completion and commissioning in the second quarter of 2027.

In line with the agreement, Fluidstack would also get the right of first offer to lease up to an additional 1,000 MW of IT capacity upon the River Bend campus’s future expansion.

Hut 8 Corp. (NASDAQ:HUT) said that Google, a subsidiary of Alphabet Inc., would provide a financial backstop that would cover the lease payments and related pass-through charges.

While we acknowledge the risk and potential of HUT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HUT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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:

A few years from now, you’ll wish you’d owned this stock.

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