Hut 8 Enters $7 Billion Agreement with Fluidstack for AI Infrastructure Leasing
Hut 8's Major Lease Agreement: Hut 8 has signed a 15-year lease worth $7 billion with Fluidstack for 245 MW of IT capacity at its River Bend campus, with potential growth to $17.7 billion if renewal options are exercised.
Google's Support: Google is backing the deal by providing a financial guarantee for lease payments, emphasizing Hut 8's focus on scalable power and infrastructure solutions for AI computing.
Stock Surge: Following the announcement of the AI infrastructure deal, Hut 8's stock surged over 25% in premarket trading, reflecting investor confidence in the company's pivot from cryptocurrency mining to AI workloads.
Expansion Plans: Hut 8 aims to develop up to 2,295 MW of AI capacity across its sites, positioning itself as a key player in the growing demand for AI data center infrastructure.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00939 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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