Hut 8 Shares Surge 21% in Premarket Trading Following Google-Backed AI Agreement
Strategic Partnership: Hut 8 has entered a 15-year, $7 billion agreement with Fluidstack to lease its AI data center at River Bend, supported by Google, Goldman Sachs, and J.P. Morgan, aiming to meet the rising demand for AI infrastructure.
Stock Performance: Following the announcement of the partnership, Hut 8's stock surged 21% in premarket trading, recovering from recent losses and reflecting an 80% year-to-date gain.
Financial Projections: The deal is expected to generate approximately $6.9 billion in net operating income over its term, with potential for the contract's value to rise to $17.7 billion through renewal options.
Additional Partnerships: Hut 8 also announced a collaboration with Anthropic and Fluidstack to enhance AI infrastructure in the U.S., targeting the deployment of up to 2,295 MW of data center capacity by early 2027.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 | 0.00935 | 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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