Hut 8’s stock is up over 20% in the new year, showing potential for a bullish trend with a March bull call spread. AI trade has been split, with Microsoft down and Amazon up slightly, while companies like Bloom Energy and Iren are seeing big gains. Tax-loss harvesting may have played a role in the market’s quick rebound.

Hut 8’s deal with Fluidstack, backed by Alphabet, values a 245-megawatt AI data center at $7 billion. Analysts have raised price targets for HUT stock, with a high of $85. The stock’s technical analysis suggests a bullish outlook, with a cup and handle pattern indicating potential for a breakout.

Investors can consider a bull call spread for HUT stock to capitalize on the expected rally. The spread reduces risk and cost while allowing for potential profits. The March 20 $60 / $75 bull call spread offers an attractive risk-to-reward profile with a maximum payout of over 270% above $75 at expiration.

Read more at Barchart: Power Up for a Larger Rally in 1 of 2026’s Winning AI Stocks with a Bull Call Spread