Hut 8

HUT

Market cap $6.44B

IREN Limited's vertically integrated, renewable-powered platform and AI pivot set it apart from HUT 8 amid Bitcoin volatility and rising data-center demand.

MoneyShow presents top investment ideas for 2026 from their contributors. This year's edition presents a mix of metals plays, financial stocks, deep value names, high-octane growth and tech stocks, and beaten-down REITs that offer solid income and turnaround potential. Part 5 of this series includes Hormel Foods, IonQ, Kodiak AI, Lara Exploration and MannKind.

Data center spending could climb to $7 trillion by 2030, according to McKinsey. Advanced Micro Devices expects revenue to grow at a 35% compound annual rate over the next three to five years.

HUT's power-first strategy hinges on grid reliability as its 8-GW pipeline faces transmission limits, utility coordination and rising AI power demand.

After a 171% six-month rally, HUT faces downside as heavy Bitcoin exposure, power constraints and a stretched valuation limit upside.

Two Senate committees will hold hearings Thursday to work on their parts of a crypto market structure bill. The drafts will be merged to create one big bill, which will go to the Senate floor for a vote.

Advancing high-performance computing infrastructure in North America DALLAS, Jan. 8, 2026 /PRNewswire/ -- Jacobs (NYSE: J) has been selected by Hut 8 (NASDAQ: HUT), an energy infrastructure platform, to deliver Engineering, Procurement and Construction Management (EPCM) services for its River Bend data center in Louisiana. The data center is leased under a 15-year, $7.0 billion lease for 245 megawatts of IT capacity and anchors a larger planned campus that is poised to become one of the largest AI and high-performance computing developments in North America.

HUT's Power segment's revenues slide after a loss of the Ionic contract, but longer-term deals like American Bitcoin may restore stability, if monetized.

Hut 8 is one of the many transforming from crypto-mining into a leading AI infrastructure provider. Last week, Hut signed an agreement with Fluidstack, backed by Google and linked to Anthropic, positioning Hut for scalable, long-term NOI and validating its institutional-grade status. The deal economics differentiate Hut from the bunch, and in our opinion, give it room to grow into its forward earnings.

CNBC's MacKenzie Sigalos reporting on how bitcoin miners tied to AI infrastructure deals outperformed this year, while crypto-treasury names sank under dilution and financing costs.