On September 17, Hut 8 Mining Corp rose 8.37% in regular trading, trading at $93.3/share, with turnover of $52.29 million, extending the sector rebound from the prior session.
On the news front, the cloud computing infrastructure sector saw broad-based strength as CoreWeave announced the successful deployment of an Nvidia Vera Rubin NVL72 cluster and signed a 15-year data center lease with Blockfusion. Additionally, NEBIUS and CoreWeave are set to be included in the Nasdaq 100 index, while multiple institutions raised their medium-term growth forecasts for the global cloud computing market, further boosting sector sentiment.
Hut 8 retains fundamental support from several major catalysts, including Nvidia signing long-term leases worth up to $50 billion for its 1 GW Texas data center campus and the $35 billion cloud computing agreement between Anthropic and Lambda, with related data center leases held directly by Nvidia. Following a sharp pullback triggered by three major AI leaders calling for a slowdown in large model development, sector sentiment has been steadily recovering, driving a continued rebound in Hut 8 shares.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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