Hut 8 financing is fully subscribed, stock price hits recent high but may have overvaluation potential

【Crypto World】Hut 8 recently exhausted a $200 million credit line granted by a major exchange, and its stock price also surged to near a 52-week high, approaching $57.95. The company has been quite active lately, announcing several major projects—AI data center leasing business and billion-dollar expansion plans.

From the data, the company’s total return to shareholders over the past year has indeed been impressive, reaching 146.60%. But there’s an interesting point—some analysts have suggested that the current stock price might be a bit ahead of itself. According to their calculations, a more reasonable valuation range should be around $56.13.

This situation is quite common among high-growth companies. Ample financing, business expansion, and rising stock prices often lead the market to overprice these positives. The actual trajectory will depend on whether these projects can be successfully implemented and whether the AI data center business can deliver the expected revenue.