$HUT

Hut 8 and Cipher Digital stocks surge after announcing major AI data center lease deals worth billions, pivoting from cryptocurrency mining to high-performance computing infrastructure.

AlphaTON rebrands to Alpha Compute, pivoting to Nvidia GPU infrastructure and confidential computing. Stock down 58.44% YTD with $7.50M market cap.

Ardsley Advisory Partners sells 440,000 Hut 8 shares (55% stake) worth $19.4M in Q4 2025, citing concerns over 26x price-to-sales valuation despite strong growth.

Hedge fund Flight Deck Capital acquired $9.86M in Hut 8 shares, validating AI infrastructure thesis. However, P/S ratio doubled to 24x; analyst recommends waiting for pullback despite strong fundamentals.

MicroStrategy stock down 60% despite holding 717,131 Bitcoin. Market concerns over leverage and dilution overshadow strong treasury position and recent $25.3B capital raise.