Hut 8's transformation from Mining to AI infrastructure, why is Wall Street optimistic about this turnaround?

[Coin World] An interesting signal has arrived. Hut 8 is changing its track.

Recently, some analysts are optimistic about it, raising the target price from $77 to $85, with a straightforward reason: it signed a $7 billion contract with Fluidstack for a duration of 15 years, which can be expanded to $17.7 billion. The key point is that Google is providing payment guarantees behind the scenes, which is not a trivial matter.

In short, Hut 8's shift from mining to AI data centers is a qualitative change. Long-term stable cash flow, investment-grade agreements, and the scarcity of AI computing power are indeed valuable. This is not a short-term speculation, but a solid infrastructure business backed by real money.

The pre-market has already reacted, with the stock price rising 2.8% to $45.34. The market is betting that this turnaround can succeed. If the transition from a simple mining player to an institutional-level digital infrastructure provider goes smoothly, the potential for growth is quite significant.