Hut 8 stock price forecast: AI expansion plans fail to spark rally as HUT tumbles 6.62%

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Hut 8 declines 6.62% to $49.23 today

Highlights

Hut 8 announced a major partnership with Anthropic and Fluidstack to develop and deliver at least 245 MW of AI data center infrastructure, expanding up to 2,295 MW for Anthropic.
This move marks Hut 8’s strategic diversification from Bitcoin mining into U.S.-based hyperscale AI infrastructure, with initial capacity expected by early 2027.
HUT ($49.23) trades beneath short- and medium-term moving averages, with significant downward momentum and range-bound price action expected between $47.00 and $52.00 over the next five trading days.

Operational expansion into AI data centers amid continued selling pressure

Hut 8 announced a major partnership with Anthropic and Fluidstack aimed at the development and delivery of at least 245 MW, expanding potentially to 2,295 MW, of AI data center infrastructure for Anthropic. The agreement will see Hut 8 transition beyond its traditional Bitcoin mining activities, leveraging Fluidstack-operated high-performance clusters to support hyperscale AI infrastructure in the United States, with new capacity expected to become available by early 2027. This marks a significant expansion of Hut 8's operational scope, though price action has remained under broader selling pressure.

Bearish momentum persists as technical resistance and volatility converge

The current price of HUT ($49.23) is trading well below the MA-20 ($54.06) and MA-50 ($54.46), but remains far above the long-term MA-200 ($36.23). This highlights ongoing short- and medium-term pressure from sellers, while the longer-term trend retains a bullish undertone, with the Ichimoku Kijun at $54.94 acting as immediate resistance. Momentum signals are predominantly negative, with the MACD in sell mode and the ADX at a very low reading (10.84), suggesting a lack of strong directional conviction. The RSI is near neutral but leans bearish at 47.15, while the Stochastic RSI underscores oversold conditions and the CCI is near neutral, confirming the market’s lackluster tone. Bull/Bear Power indicates broad overbought conditions but is diverging from most other indicators, highlighting the dominance of sellers in the current session. The Awesome Oscillator does not currently reinforce the downtrend. There was a small negative gap from the previous close ($52.72) to today’s open ($50.74), and with the price near today’s low of $48.12, daily trading has been volatile and tilted distinctly to the downside with continued pressure after the open.

Lower move likely as upside reversal risk remains muted

For the next five trading days, a typical volatility band is expected between $47.00 and $52.00. There is a very low probability (less than 20%) of an immediate upward reversal, making a renewed move lower more likely in the short term. The baseline scenario remains range-bound within the $47.00 – $52.00 corridor. A move above $54.94 would set up a bullish scenario to higher levels, whereas a break below $47.00 could lead to further bearish extension driven by persistent seller dominance.

Viktoras Karapetjanc, expert at Traders Union, highlights that Hut 8’s pivot towards AI infrastructure marks a significant step beyond traditional crypto mining. He sees the long-term trend as bullish, with the partnership introducing a positive fundamental driver to the narrative. Despite current short-term technical weakness and persistent selling pressure, the expert considers the ongoing transition as a potential catalyst once sentiment turns. Range-bound volatility is likely, but constructive fundamentals reduce downside risk over time. "If price holds above $47.00 and the AI expansion gains traction, HUT could be positioned for renewed upside in the months ahead."

Previously it was reported that Hut 8 Corp is exhibiting short- and medium-term upward momentum, trading slightly above key moving averages, with immediate support at the Ichimoku Kijun. Despite bearish momentum signals and mixed oscillators reflecting market indecision, strong buying after an early session selloff and bullish weekly indicators suggest a high probability of price consolidation or further upside within the current trading range.

Source of Data: HUT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.