Hut 8 stock rally gains traction as Beacon Point AI campus 15-year $9.8B lease announced

Traders Union
All News
Financial News
Hut 8 jumps 5.89% after fresh $9.8B deal

Highlights

Hut 8 secured two 15-year leases totaling $19.6 billion for its 1GW Beacon Point AI data center campus, establishing a robust long-term revenue stream.
The rapid commercialization of Beacon Point, including a 352-MW IT lease with a major hyperscaler, underscores strong demand and execution momentum.
Hut 8 trades in a pronounced bullish trend with strong momentum signals, high volatility, and a near-term forecast range of $102.42 to $130.24.

Long-term revenue secured as major data center leases drive optimism

Hut 8 has fully commercialized its 1GW Beacon Point AI data center campus in Texas ahead of complete build-out by finalizing a second 15-year lease valued at $9.8 billion, according to Datacentremagazine. This strategic milestone locks in a major long-term revenue stream and demonstrates accelerated infrastructure utilization, fueling investor optimism about operational execution. The company further strengthened its pipeline by commercializing the second phase of Beacon Point through a 15-year, 352-MW IT lease with a major hyperscaler, worth another $9.8 billion, as reported by Stocktwits.

Overbought conditions emerge amid strong technical momentum

Technically, HUT is trading above its hourly MA-20 at $110.13 and MA-50 at $102.08, with long-term support from the MA-200 at $67.89. The Ichimoku Kijun sits at $105.64, providing immediate support. Momentum is positive across key indicators: both MACD and ADX are on Buy, while RSI stands at 66.92 and signals ongoing bullish momentum but is near overbought territory. The CCI is already Overbought, and Bull/Bear Power confirms strong buyer activity, while Stoch RSI remains Neutral and the Awesome Oscillator supports the upward trend. Elevated volatility persists, and intraday indicator alignment suggests the rally could pause should overbought signals intensify.

Further gains likely as upside risks outweigh support breakdown

In the short term, HUT is expected to consolidate within a forecast range of $102.42 to $130.24 over the next four trading days. Further upside remains highly probable, particularly if resistance is breached, which could prompt another leg higher. Conversely, if the price falls below immediate support levels such as the Ichimoku Kijun, a corrective pullback could develop. Baseline expectations call for price action to remain within this typical volatility band relative to recent levels.

Anton Kharitonov, expert at Traders Union, sees Hut 8 delivering fundamental progress by securing significant long-term leases ahead of full campus build-out. Technically, HUT shows strong momentum but near-term signals suggest the rally may stall if overbought conditions intensify. The analyst maintains a cautious stance, noting the consolidation range between $102.42 and $130.24 as key for price direction. "Until a clear breakout above resistance or a failure at support, my bias remains defensive and scenario-based."

Previously it was reported that Hut 8’s expansion into AI data center infrastructure and recent major leasing agreements positioned the company as a sector leader with strong commercial momentum. The current rally, underpinned by bullish momentum indicators and robust support above key moving averages, signals further upside potential if price breaks out of the consolidation range, with heightened volatility offering trading opportunities in the near term.

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.