On September 8, Hut 8 Mining Corp rose 5.01% in regular trading, trading at $98.18 per share, with turnover of $186 million. Multiple catalysts continued to fuel the rally.
On the news front, AI firm Anthropic recently signed a $35 billion cloud computing agreement with NVIDIA-backed cloud provider Lambda, with the computing power hosted at Hut 8's Beacon Point campus in Nueces County, Texas. NVIDIA had previously signed two 15-year leases with Hut 8 covering 704 MW of IT capacity, with a combined base-term contract value of $19.6 billion and renewal options potentially raising the total to $50 billion over 30 years.
Meanwhile, Hut 8's business restructuring added further support. The company completed the sale of its legacy Canadian managed hosting business to Opti9 Technologies while retaining ownership of its Canadian data centers and continuing GPU and high-performance computing operations, signaling a strategic pivot toward AI infrastructure.
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