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dubbed these contracts “a testament to the commercial and regulatory fluency of our power-native team,” in a press release on Wednesday.Is UnitedHealth Stock a Buy, Sell, or Hold for July 2025?Michael Saylor Says ‘You’ll Wish You’d Bought More’ Bitcoin as MicroStrategy Doubles DownIs Microsoft Stock About to Go Nuclear?Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.Including Wednesday’s surge, Hut 8 stock is up nearly 110% versus its year-to-date low set in late April.www.barchart.comIESO contracts are strategically positive for HUT shares as they offer long-term, stable cash flows tied to a government-backed agency, significantly reducing earnings volatility – a key concern in crypto stocks.Moreover, the plants will earn an average of 530 CAD per MW-business day. This means that Hut 8 is locking in predictable revenue across 310 MW of dispatchable capacity, strengthening its non-crypto business.Investors cheered Hut 8 shares on Wednesday because the IESO news positions the Nasdaq-listed firm to benefit from secular tailwinds in Ontario’s power market as well, where electricity demand is projected to grow 75% by 2050.In short, this agreement not only validates Hut 8’s “power-native strategy” but also diversifies and derisks its business model, potentially enhancing its appeal to long-term institutional investors.Hut 8 stock has doubled from its year-to-date lows, but Darren Aftahi, a senior Roth MKM analyst, remains convinced that it’s not done pleasing its shareholders just yet.Aftahi reiterated his “Buy” rating on HUT shares this week, citing the company’s transformation from a pure-play Bitcoin miner to a hybrid infrastructure firm that allocates power to BTC mining, high-performance computing (HPC) and AI cloud workloads.He expects Hut 8 to hit $25 per share in the second half of 2025 as it continues to optimize capital expenditures and accelerate speed-to-market on the back of this strategic pivot.Investors should note that other Wall Street analysts remain constructive on HUT stock as well.The consensus rating on Hut 8 shares currently sits at “Strong Buy” with the mean target of about $26.50 indicating potential for another 25% upside from current levels.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,279.35 +51.93 (+0.83%)Dow 3044,828.53 +344.11 (+0.77%)Nasdaq20,601.10 +207.97 (+1.02%)Russell 20002,249.04 +22.66 (+1.02%)VIX17.48 +1.10 (+6.72%)Gold3,346.50 +3.60 (+0.11%)PortfolioSign in to access your portfolioSign inTop gainersBMNR Bitmine Immersion Technologies, Inc. 135.00 +76.50 (+130.77%)RUN Sunrun Inc. 10.50 +1.51 (+16.80%)TRIP Tripadvisor, Inc. 17.50 +2.51 (+16.74%)DDOG Datadog, Inc. 155.15 +20.14 (+14.92%)SYM Symbotic Inc. 47.91 +5.71 (+13.53%)Top losersLEN Lennar Corporation 110.12 -4.69 (-4.09%)LEN-B Lennar Corporation 105.62 -4.37 (-3.97%)ESGRP Enstar Group Limited 19.45 -0.79 (-3.91%)HOOD Robinhood Markets, Inc. 94.40 -3.58 (-3.65%)BG Bunge Global SA 78.44 -2.95 (-3.62%)Most activeLCID Lucid Group, Inc. 2.1600 +0.1100 (+5.37%)NVDA NVIDIA Corporation 159.34 +2.09 (+1.33%)INTC Intel Corporation 22.49 +0.61 (+2.79%)F Ford Motor Company 11.81 +0.04 (+0.34%)TSLA Tesla, Inc. 315.35 -0.30 (-0.10%)Earnings eventsTrending tickersBTC-USD Bitcoin USD 107,753.06 -2,196.42 (-2.00%)NDM.TO Northern Dynasty Minerals Ltd. 2.4000 +0.4800 (+25.00%)HR-UN.TO H&R Real Estate Investment Trust 12.46 +1.83 (+17.22%)TD.TO The Toronto-Dominion Bank 101.69 +0.10 (+0.10%)^GSPTSE S&P/TSX Composite index 27,036.16 +1.90 (+0.01%)Top economic events