Data-Center Upsizing Drives a 17.3% Jump for Hut 8

Institutional allocations toward AI infrastructure helped push Hut 8 Corp. up 17.3% on the Nasdaq. Expanded capacity plans aligned with accelerating cloud spend, while Oracle’s capex signals supported stronger GPU hosting demand. Management highlighted contract durability and recurring revenue characteristics. Analysts referenced tight supply of high-end compute and power-dense sites as reinforcing pricing. The move tracked broader strength across high-performance computing, where hybrid architectures and colocation adjacency continue drawing capital.