NEW YORK, Dec. 28, 2025, 5:27 a.m. ET — U.S. stock market closed
Hut 8 Corp. (NASDAQ: HUT) heads into the final trading days of 2025 in a familiar spot for a high-volatility, crypto-adjacent infrastructure name: investors can’t trade the shares on Sunday, but the inputs that often move the stock—Bitcoin’s price action, sentiment around AI data-center buildouts, and fresh Wall Street commentary—don’t take the weekend off.
When the bell last rang on Friday, Hut 8 stock finished sharply lower after a choppy session, reminding traders that even after a powerful run tied to AI data-center headlines, HUT can move fast in both directions.
What happened to Hut 8 stock in the last session
Hut 8 shares ended Friday’s session at $49.64, down about 6% on the day after trading between roughly $48.40 and $53.19. Volume was about 4.37 million shares, reflecting an active day but still the kind of liquidity that can thin out in the late-December holiday stretch. [1]
MarketBeat’s intraday recap noted the stock was down about 6.8% during Friday trading and highlighted that mid-day volume was well below typical levels—another clue that holiday timing may have amplified price swings. [2]
In after-hours trading late Friday, MarketWatch showed HUT slipping further to around $49.06 (delayed quote), a relatively small move but one that underscores how headline-sensitive and sentiment-driven the name can be outside the core session. [3]
Why Hut 8 is still on investors’ radar: the AI infrastructure pivot
Hut 8’s narrative in 2025 has increasingly been about AI and high-performance computing (HPC) infrastructure—not “just” Bitcoin mining—driven by the company’s River Bend campus development and its partnerships with major counterparties.
In a Dec. 17 announcement distributed via PR Newswire, Hut 8 said it partnered with Anthropic and Fluidstack to accelerate hyperscale AI infrastructure deployment in the U.S., describing a multi-tranche path to develop and deliver at least 245 megawatts (MW) and up to 2,295 MW of AI data-center infrastructure. Hut 8 CEO Asher Genoot framed the strategy bluntly: “Scaling frontier AI infrastructure is, at its core, a power challenge.” [4]
Anthropic’s James Bradbury, head of compute, said the partnership is intended to “bring additional capacity online by early 2027,” adding a concrete timing marker investors often look for in large infrastructure buildouts. [5]
Separately, Hut 8’s River Bend economics were fleshed out in another Dec. 17 PR Newswire release announcing a 15-year, $7.0 billion lease agreement with Fluidstack for 245 MW of IT capacity in Louisiana. The company said the agreement includes a 3% annual base rent escalator, with Google providing a financial backstop covering lease payments and related obligations during the base term. [6]
The company also laid out what it called “transaction highlights,” including expected cumulative net operating income (NOI) contribution of about $6.9 billion over the base lease term (an average of roughly $454 million per year), plus three renewal options that could lift total contract value to about $17.7 billion. The initial data hall was scheduled for completion and commissioning in Q2 2027. [7]
For investors who prefer filings over headlines, Hut 8 filed an 8-K describing the River Bend lease and related transactions, including the Google financial backstop, and pointed to the press release and investor presentation as exhibits. [8]
The last 24–48 hours: what’s new (and what isn’t)
With U.S. markets shut for the weekend, there has been limited company-specific, market-moving news on Hut 8 itself over the past day. But several market-facing updates and recaps did land between Friday and Saturday:
1) Institutional positioning headlines (Q3 filings context)
A MarketBeat report dated Dec. 26 said Voya Investment Management increased its Hut 8 stake by 356.5% in Q3 to 116,956 shares, valued at about $4.07 million at the end of the quarter, while noting other large investors had also increased positions and that institutional ownership stood around 31.75%. [9]
2) “AI stock” screeners still flag HUT
Another MarketBeat piece dated Dec. 27 highlighted Hut 8 among “Artificial Intelligence stocks to watch,” describing the category as thematic and often volatile, and noting its inclusion was based on screeners tracking high recent dollar trading volume. [10]
3) A week-in-review recap kept the Benchmark upgrade in focus
A Seeking Alpha “week’s financials wrap” published Saturday said Hut 8 rose 29% over the five trading sessions ended Dec. 26, attributing the move in part to Benchmark lifting its price target to a Street-high level earlier in the week. [11]
What isn’t new: No fresh River Bend filing or new transaction update has surfaced in the past 24–48 hours in the sources above. For now, the near-term market conversation is more about price digestion after the AI-deal-driven rally than about a new catalyst.
Analyst forecasts and price targets: bullish, but not unanimous on upside
Hut 8’s analyst picture is broadly positive, though different data providers show meaningfully different averages (often due to timing windows, included firms, and whether older targets are counted).
- TipRanks lists an average 12-month price target of about $64.31 (high $85, low $55) based on 16 analysts in the last three months, and shows a “Strong Buy” consensus in its snapshot. [12]
- MarketBeat shows a consensus price target around $53.76, describing the Street stance as largely “Buy,” with its stated target range stretching from $25 to $80. [13]
One of the more frequently cited recent bullish notes came from Benchmark analyst Mark Palmer, who (per a TipRanks/TheFly write-up) raised Hut 8’s price target to $85 from $78 and maintained a Buy rating, calling the River Bend transaction a defining moment in Hut 8’s evolution toward institutional-grade digital infrastructure. [14]
The practical takeaway for investors heading into Monday: even after Friday’s pullback, many published targets imply modest-to-significant upside, but the dispersion is wide—reflecting the uncertainty embedded in execution timelines, financing terms, and the durability of AI infrastructure demand.
Technical and positioning notes investors are watching
HUT’s volatility is not subtle—so many traders focus on levels and positioning cues as much as fundamentals.
- Key support/resistance (Barchart “key turning points”): first resistance around $52.42 and first support near $47.63, with additional lower support levels around $45.62 and $42.84. [15]
- 52-week range: roughly $10.04 to $57.29, putting Friday’s close still well below the peak but massively above the lows. [16]
- Volatility profile: MarketBeat flags Hut 8 as a high-beta name (a sign it can move more than the broader market), which often matters most during risk-on/risk-off shifts. [17]
What to know before the next session (Monday): the weekend “inputs” that can hit HUT at the open
Because the U.S. equity market is closed today, the most actionable work for Hut 8 investors is monitoring the variables that can reprice the stock quickly when trading resumes.
Bitcoin is trading while HUT is not
Bitcoin traded around $87,889 in weekend pricing, with modest day-over-day movement at the time of writing. For a company still closely associated with digital-asset infrastructure, a sharp Sunday move in BTC can show up as a gap up—or down—when equity markets reopen.
Extended-hours mechanics matter for a volatile stock
If you trade HUT around the open, remember U.S. equities have extended sessions: Nasdaq notes investors may trade in the pre-market (4:00–9:30 a.m. ET) and after-hours (4:00–8:00 p.m. ET), where liquidity can be thinner and price moves can be sharper. [18]
The calendar: year-end liquidity + New Year’s schedule
Next week includes holiday schedule shifts. Investopedia reported that stock markets are expected to maintain normal hours through the week but will be closed on New Year’s Day (Thursday, Jan. 1, 2026), with bond markets also seeing an early close on Wednesday, Dec. 31. [19]
In thin periods, the combination of lower volume and headline-driven trading can exaggerate moves in stocks like Hut 8, especially when investors are still actively debating how much of the AI lease economics should be “priced in” today versus discounted for execution risk.
Macro catalysts that can swing risk appetite
Investopedia’s “markets this week” preview also flagged scheduled economic releases—pending home sales, Case-Shiller home prices, weekly jobless claims, and Federal Reserve minutes—which can influence rates and overall risk sentiment. That matters for HUT because high-beta growth/AI-linked names often react quickly to changes in market-wide appetite for risk. [20]
Bottom line
Hut 8 stock goes into Monday with a split personality: a powerful AI infrastructure growth story backed by headline-grabbing counterparties and economics, and a high-volatility trading profile that can punish complacency—especially in thin, year-end conditions.
Friday’s drop doesn’t erase the broader uptrend many analysts have been leaning into; it does, however, raise the importance of watching Bitcoin’s weekend tape, Monday pre-market behavior, and whether the stock can hold key support zones as investors position for the last stretch of 2025 and the first trading sessions of 2026. [21]
References
1. finance.yahoo.com, 2. www.marketbeat.com, 3. www.marketwatch.com, 4. www.prnewswire.com, 5. www.prnewswire.com, 6. www.prnewswire.com, 7. www.prnewswire.com, 8. www.sec.gov, 9. www.marketbeat.com, 10. www.marketbeat.com, 11. seekingalpha.com, 12. www.tipranks.com, 13. www.marketbeat.com, 14. www.tipranks.com, 15. www.barchart.com, 16. www.barchart.com, 17. www.marketbeat.com, 18. www.nasdaq.com, 19. www.investopedia.com, 20. www.investopedia.com, 21. finance.yahoo.com
