Hut 8: Shares Hit All-Time High on $9.8B AI Lease

Hut 8 shares rocketed to an all-time high today after the Bitcoin miner inked a massive $9.8 billion lease for an AI data center, signaling a bold pivot into high-performance computing amid surging demand for AI infrastructure in the crypto sector. This deal catapults Hut 8 into the forefront of Bitcoin mining stocks, leveraging its energy assets for AI data center investment and riding the wave of a broader crypto market rally that echoes last quarter's BTC surge past $80K.

In the technical confluence on the 4-hour BTC chart, price action holds firm in a bullish structure, grinding above the EMA50 at $79,145.52 while the EMA200 at $75,379.18 anchors long-term support. Momentum builds with MACD confirming a golden cross at 955.23, yet RSI at 60.56 stays neutral, suggesting room for upside before overbought territory. Volatility squeezes as BTC trades inside the Bollinger Bands, eyeing upper resistance at $82,747.4—break that, and we target fresh highs, but a dip to lower support at $77,991.12 could offer prime entries for institutional longs amid this AI-fueled hype.