Hut 8 stock outlook: AI expansion and data center deals support momentum

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Hut 8 surges 11.31% to $101.79

Highlights

Hut 8 secured a second 15-year, $9.8 billion lease for 352 MW at Beacon Point, expanding AI data center capacity.
Aggregate contracted IT capacity now totals 949 MW valued at $26.6 billion, strengthening recurring revenue prospects amid rising demand.
Technicals show strong recent momentum with overbought signals; price expected to trade sideways between $91.67 and $111.91 short term.

AI data center contracts drive commercial progress and revenue outlook

Hut 8 has secured a second 15-year lease worth $9.8 billion for 352 MW of IT capacity at its Beacon Point data center campus in Texas, a move reported by Cryptobriefing that solidifies its position within the AI infrastructure market. The company is now fully commercializing the entire 1 GW Beacon Point campus, increasing its total contracted IT capacity across its AI data center portfolio to 949 MW with an aggregate contract value of $26.6 billion, as detailed by Investorideas. These developments demonstrate tangible commercial progress and are expected to significantly enhance future recurring revenue prospects for HUT, supporting the current surge in demand for its stock.

Mixed momentum emerges as overbought signals follow intraday pullback

On the H1 timeframe, HUT is trading above its MA-20 at $95.73 and MA-50 at $99.08, with long-term support from the MA-200 at $66.84. The Ichimoku Kijun level is positioned at $95.04, which now serves as immediate support. Momentum indicators flash mixed signals: MACD shows Strong Sell, the ADX is Neutral, and the RSI points to a Buy. Stochastic RSI, CCI, and Bull/Bear Power all indicate overbought conditions and buyer dominance intraday, while the Awesome Oscillator is in strong buy territory, reflecting robust recent momentum. Notably, price action has pulled back near the session low after a sharp intraday surge, hinting at emerging short-term weakness despite overall bullish technical structure.

Sideways action likely as scenario probabilities equalize

In the coming sessions, HUT is expected to trade within a typical volatility band of $91.67 to $111.91. Scenario probabilities are balanced, with equal chances for upward or downward movement. A break above the upper resistance would open the door to further gains, while a sustained move below Kijun support at $95.04 could signal a correction toward lower levels. The most likely short-term outcome is sideways action within this range as the market consolidates recent gains.

Viktoras Karapetjanc, expert at Traders Union, sees substantial progress for Hut 8 as it locks in long-term AI infrastructure contracts. He believes the company’s aggressive commercialization of its Beacon Point campus decisively strengthens its fundamentals and future revenue streams. The technical outlook remains robust despite a near-term pullback, as overall sentiment is propelled by strong corporate actions. Short-term consolidation appears likely, but the strategic direction is clearly upward. "With these milestone contracts, Hut 8 signals it is fast becoming a leader in the AI data center space — I view current dips as opportunities for bullish positioning."

Previously it was reported that Hut 8 was showing improved fundamentals and AI-driven growth prospects, but technical signals remained mixed, suggesting caution amid consolidation. The current surge in contract wins and technical breakout reinforces the shift toward stronger bullish momentum, making continued holding above the Ichimoku Kijun support at $95.04 the key level to watch for confirmation of sustained upside.

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.