Is HUT 8 a Good Buy After Its $9.8B AI Pivot?
Institutional and retail investors are all abuzz about AI infrastructure stocks particularly the best AI small caps where the rotation over to small caps will be even more intense. These are companies involved helping with the trillion-dollar AI computing build out and the 4th industrial revolution happening.
Massive demand is being created for AI data centers, high performance computing chips, and electrical energy delivery. That opportunity has encouraged smaller companies that were serving the cryptocurrency mining sector, to revamp their companies and switch their focus on this rising AI infrastructure buildout.
There are a number of these AI infrastructure stocks you might considering buying such as Keel Infrastructure. They’re a worthy alternative to the MAG 7 choices such as GOOG or NVIDIA. Some are riskier than others and HUT 8 would be one of them. Yet, the potential may outweigh the risk. Just recently, for instance, HUT 8 shares rocketed after an announcement they made.
Hut 8 shares surged nearly 30% after the company announced a 15-year, $9.8 billion lease for a large-scale AI data center project at its Beacon Point campus in Texas — with options that could lift the total value to about $25.1 billion. That single deal reset the market’s entire view of this stock. Yet a question about NASDAQ:HUT is rattling through investor feeds: Is it a smart buy at current price levels, or has the easy money already been made?
Currently, in the last few days, prices of AI infrastructure stocks have taken a tumble as some investors pull back from the AI infrastructure build out play due to rising costs. The speculative nature of this segment is real given many of the companies have zero or weak earnings. Is this the bottom for the likes of Keel, Iren, and Hut 8, or is the AI infrastructure boom about to take a hard tumble?
HUT 8 Company Snapshot
Hut 8 Corp. operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. The former bitcoin-mining campus has been repositioned for AI and high-performance computing as miners face worsening bitcoin economics, with Hut 8 now holding about 600 megawatts of contracted AI data center capacity worth about $16.8 billion. With a market cap of $10.16 billion, HUT trades on the Nasdaq.
Recent Stock Price Action
During today’s trading session, HUT shares reached a daily high of $95.21 and a low of $90.08, currently trading around $90.29. Over the past 52 weeks, the stock has traded between a high of $112.26 and a low of $14.74, telling us a great deal about HUT’s transformation. The stock had delivered a 44.5% return over the past 30 days, reflecting strong short-term momentum around the AI data center shift. HUT hit its all-time high of $112.26 on May 13, 2026. Its price is down solidly down in the last 5 days, which creates your buy the dip opportunity. At $93.29, HUT shares are down almost 20% from its recent peak.
Earnings & Financials
The most recent quarterly results were a mixed bag. In Q1 2026, Hut 8 reported EPS of -$1.98 against an estimate of -$0.36, a significant miss, while revenue came in at $71.02 million versus the forecast of $77.37 million. First-quarter revenue did shoot up to $71.0 million from $21.8 million a year ago, but the net loss deepened to $253.1 million, driven primarily by $295.7 million in digital-asset losses — most of them unrealized. Full-year 2025 showed the growth trajectory: Hut 8’s sales reached $235.1 million, marking a 44.8% increase from the prior year’s $162.4 million. The next earnings report is expected on August 18, 2026, making it the next major catalyst to watch.
Currently, Marketbeat rates the stock as a buy as noted in the graphic below.
The key with these stocks is not their current earnings reports, it’s the price volatility and the possibility of growth. The question to answer really, is with successful projects, hyperscaler contracts, and the potential of AI-powered computing in the economy.
Analyst Sentiment
Wall Street is firmly in the bull camp. Sixteen analysts currently sit on Buy, with just one on Sell. The current price is $88.92 per share. The expert’s consensus price target stood at $76.11 based on 19 analysts, though recent upgrades are pulling that figure higher. Jefferies initiated coverage with a Buy rating and a price target of $156.00 , while Canaccord raised its target to $130.
In Summary: Why Buy HUT 8 Shares?
HUT 8 is one AI infrastructure stock you might consider if you’re okay with the extra risk, because that represents more potential price upside. Investors respond well to positive announcement about this stock. And right now, HUT 8 stock price has declined, making it an ideal buy the dip choice.
Compared with smaller AI infrastructure stocks, Hut 8 currently offers:
- real signed hyperscale AI contracts
- huge power capacity
- North American assets
- long-duration lease visibility
- exposure to both AI and Bitcoin upside
HUT 8 isn’t a cryptocurrency mining stocks anymore – it’s a legitimate AI infrastructure stock that deserves investor consideration.
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* this post is for information/entertainment purposes and is not meant to replace your stock market investment advisor. Please refer to them on the batter of investing in equities and AI infrastructure stocks.
