Hut 8 Signs $7 Billion Long-Term Lease with Fluidstack for AI Infrastructure
- Stock Surge: Hut 8's shares jumped nearly 20% in pre-market trading following the announcement of a $7 billion long-term lease agreement with AI cloud provider Fluidstack, indicating strong market confidence in the deal.
- Agreement Details: The 15-year lease covers 245 megawatts of IT capacity with a 3% annual base rent escalation, projecting an average annual net operating income of $454 million and a total projected NOI of $6.9 billion, significantly enhancing the company's financial stability.
- Construction Timeline: Fluidstack's lease obligations are backed by Google, which lowers execution risk, with the first data hall expected to be delivered in Q2 2027 and additional halls scheduled later that year, further driving Hut 8's business growth.
- Strategic Shift: The lease agreement aligns with Hut 8's diversification strategy in the bitcoin mining sector, actively transitioning towards AI infrastructure, with potential future expansion to 1,000 megawatts of additional capacity, enhancing its competitiveness in the global data center market.
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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 6 technical signals, shows that 3 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 | 0.00931 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.0189 | 0.0215 | 0.0256 | 0.0296 | 0.0322 | 0.0363 |
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