NasdaqGS:HUTSoftware
Hut 8 (HUT) Valuation Check After Landmark US$9.8b Beacon Point AI Lease And Pivot From Bitcoin
Hut 8 (HUT) is back in focus after signing a 15 year, US$9.8b lease for 352 MW of IT capacity at its Beacon Point AI campus in Texas, expanding its contracted AI infrastructure footprint.
See our latest analysis for Hut 8.
Hut 8’s latest Beacon Point lease comes after a sharp move in the stock, with a 30 day share price return of 92.14% and a 1 year total shareholder return that is very large, alongside headlines around widening quarterly losses and a pivot toward AI infrastructure...