Hut Eight's AI Data Center Deal: Wall Street's New Favorite
Update: 2025-12-22
Description
Hut eight, a bitcoin miner, is making headlines with its strategic shift into AI data centers. The company recently signed a $7 billion, 15-year lease with Fluidstack for their River Bend facility in Louisiana. This deal, praised by Wall Street broker Benchmark, transforms Hut eight into a top-tier digital infrastructure company. Analyst Mark Palmer maintains a buy rating and raises his price target to $85, indicating a potential 93% upside. The deals strong economics, long-term cash flows, and built-in expansion options are key highlights. Hut eights timing is also notable, as they avoided selling off power assets during the early AI boom, maintaining full ownership. The deal values the initial 245 megawatt chunk at around $7.6 billion, lowering risks significantly. Other firms have also raised their targets, positioning Hut eight for significant growth as AI demand increases.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
