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What Are You Actually Buying In Applied Digital Stock?
Trefis15d agobullish
What Are You Actually Buying In Applied Digital Stock?

Applied Digital (APLD) has fallen 44.3% over the past three months while the S&P 500 returned 1.4%, and at about $24.90 the stock sits roughly 50% below its 52-week high. It still trades at 12.4 times sales against 3.2 for the S&P 500. Both are true at once, because the price has little to do with the business you can see today.

Crypto stocks extend rally as Bitcoin jumps on US regulatory momentum
InvestorsHub29d agobullish
Crypto stocks extend rally as Bitcoin jumps on US regulatory momentum

Cryptocurrency-linked shares continued their advance on Friday as Bitcoin (COIN:BTCUSD) climbed to its highest levels since late May, supported by renewed optimism over US digital asset regulation and improving appetite for risk. The latest gains followed President Donald Trump’s call for lawmakers to establish clearer rules for the cryptocurrency industry, adding regulatory momentum to a market already benefiting from Bitcoin’s sharp recovery.

Hut 8 (HUT) Soars as Beacon Point Secures $50.2-Billion Revenue Potential
Insider Monkey60d agobullish
Hut 8 (HUT) Soars as Beacon Point Secures $50.2-Billion Revenue Potential

Hut 8 Corp. surged by 10.37 percent on Monday to end at $100.93 apiece, as investors took heart from the $50.2-billion revenue potential of its Beacon Point data center campus in Texas. This followed the inking of a new leasing agreement with an existing tenant for the second phase of the campus, covering 352 MW […]

CleanSpark (CLSK) Soars on Fresh Multi-Billion AI Investments
Insider Monkey60d agobullish
CleanSpark (CLSK) Soars on Fresh Multi-Billion AI Investments

CleanSpark saw its share price jump by 10.67 percent on Monday to finish at $14.42 apiece, as investor optimism was fueled by the aggressive expansion of artificial intelligence players with a series of multi-billion-dollar leasing deals. Multi-Year Deals On Monday, its counterpart, Hut 8 Corp., clinched a new $9.8-billion leasing deal with an existing high-investment-grade […]

Bitcoin mining stock surges on $9.8 billion AI deal
TheStreet60d agobullish
Bitcoin mining stock surges on $9.8 billion AI deal

The shares of Hut 8 (Nasdaq: HUT), a Bitcoin miner that has been expanding into artificial intelligence (AI) infrastructure, jumped as much as 14% on July 20 after the firm signed a $9.8 billion lease that fully commercializes its massive Texas data center campus. The 15-year deal covers the second ...

IREN, Hut 8 Stocks Surge as AI Deals Restore Neocloud Cheer
Barrons.com61d agobullish
IREN, Hut 8 Stocks Surge as AI Deals Restore Neocloud Cheer

IREN and Hut 8 were rising sharply early on Monday as both companies announced more customers were spending on their cloud-computing infrastructure. IREN shares rose 9% in the premarket after it said it had agreed new multiyear cloud contracts with artificial-intelligence developers representing $2.8 billion in total contract value. IREN was previously an Australian Bitcoin miner called Iris Energy before pivoting to AI computing as part of a wave of “neoclouds” building out cloud computing infrastructure.

Is the Hut 8 Rally Sustainable?
Motley Fool85d agobullish
Is the Hut 8 Rally Sustainable?

Hut 8 has a multigigawatt pipeline of data center projects in the works, and lucrative hyperscaler deals that have fueled a meaningful rally.

AI stock surges amid multi-million-dollar lawsuit
TheStreet88d agobullish
AI stock surges amid multi-million-dollar lawsuit

Shares of Hut 8 (NASDAQ: HUT) tumbled in the pre-market session on June 22 but recovered lost ground after the morning bell. The stock fell about 7% to $112.50 after closing the prior day down 2.73% at $121.04. But at press time, the shares were trading 2.36% higher inraday and trading near ...