NasdaqGS:HUTSoftware
Is Hut 8’s Fluidstack Megadeal and Data Center Pivot Altering The Investment Case For Hut 8 (HUT)?
Recently, Hut 8 Corp. outlined its transition beyond traditional crypto mining by proposing a 500-megawatt data center near Latham and signing a 15-year, US$7.00 billion data center lease with Google-backed Fluidstack for its River Bend campus in Louisiana, while also agreeing to sell four Ontario natural gas-fired power plants to TransAlta.
These moves mark a clear push into AI-oriented digital infrastructure, but they also raise fresh questions around energy use, local community impact and...