Hut8 (HUT.US) transforms into AI, stock price soars 200%, mining subsidiary ABTC plunges 76%

According to Woofun AI, Hut 8 (HUT.US) is undergoing a strategic transformation from bitcoin mining to becoming an artificial intelligence infrastructure provider, a move led by CEO Asher Gennut aimed at seeking more stable sources of revenue.

In 2025, Hut 8 (HUT.US) has shown strong stock performance. TradingView data shows its stock price rose from $44 to $133, an increase of nearly 200%. The core driving force comes from a 15-year, $9.8 billion AI data center lease agreement. CNBC reports that this agreement secures long-term AI computing business revenue, demonstrating market confidence in Hut 8 (HUT.US)'s new direction, making it a key player in the AI data center sector.

In contrast, the subsidiary responsible for bitcoin mining operations, American Bitcoin (ABTC.US), has encountered difficulties. After the separation in March 2025, although ABTC (ABTC.US) continued to expand its equipment and increase its bitcoin holdings, its stock price still fell by more than 76%.

This decline resulted in heavy losses for investors including Eric Trump, with reports indicating his investment value dropped by over $600 million. Data compiled by Woofun AI shows that ABTC (ABTC.US)'s market capitalization contraction far exceeded the industry average.

BeInCrypto analysis believes that the divergence between Hut 8 (HUT.US) and ABTC (ABTC.US) highlights the market’s preference for AI infrastructure. Traditional mining operations face multiple risks such as regulatory uncertainty, energy cost fluctuations, bitcoin price volatility, and increasing mining difficulty. Investing in AI infrastructure helps withstand cyclical fluctuations, whereas pure mining companies need to adapt to high capital input and high-risk environments in order to survive.