Hut 8's $200 million borrowing limit on Coinbase Credit has been fully utilized, and at the same time, its stock price is close to the 52-week high of $57.95. The company has announced several major projects, including AI data center leasing and billion-dollar expansion plans. Although the stock has delivered a total shareholder return of 146.60% over the past year, some analyses suggest that its stock price may be slightly overvalued, with a fair valuation of approximately $56.13.