Hut8 (HUT.US) transformation AI shares soared 200%, mining subsidiary ABTC plummeted 76%

According to Woofun AI, Hut 8 (HUT.US) is undergoing a strategic transformation from Bitcoin mining to an artificial intelligence infrastructure provider, and the move, led by CEO Asher Ginuit, aims to find a more stable revenue stream.

In 2025, Hut 8 (HUT.US) shares performed strongly. According to TradingView data, its share price climbed from $44 to $133, an increase of nearly 200%. The core driver was a 15-year, $9.8 billion AI data center lease agreement. CNBC reports that the agreement has secured long-term AI computing business revenue, demonstrated the market's confidence in the new direction of Hut 8 (HUT.US), and made it an important player in the AI data center field.

In contrast, American Bitcoin (ABTC.US), the subsidiary responsible for the Bitcoin mining business, is in trouble. After the separation in March 2025, ABTC (ABTC.US) shares fell more than 76% despite continuing to expand its equipment and increase its Bitcoin holdings.

Investors, including Eric Trump, have been hit hard by this decline, and it is reported that their investments lost more than $600 million in value. According to data compiled by Woofun AI, the market value of ABTC (ABTC.US) has shrunk far beyond the industry average.

BeInCrypto analysts believe that the differentiation between Hut 8 (HUT.US) and ABTC (ABTC.US) highlights the market's preference for AI infrastructure. Traditional mining businesses face multiple risks such as regulatory uncertainty, fluctuations in energy costs, changes in Bitcoin price, and changes in mining difficulty. Laying out AI infrastructure helps withstand cyclical fluctuations, while pure mining companies need to adapt to high-capital investment and high-risk environments to survive.