Hut 8's pivot from Bitcoin mining to AI data centers has become signed revenue: a 15-year, $9.8B lease for 352 MW of AI capacity in Texas, far above its prior market cap. That makes it a fundamentally different business from hashing SHA-256 and hoping Bitcoin cooperates. Total contracted AI capacity is now 597 MW, with first delivery in Q3 2027. Miners with existing land, grid connections, cooling and expertise lacked only a long-term tenant, and Hut 8 found one; other miners have yet to move. … Show more

Hut 8 is turning from a bitcoin miner into an AI data center operator with long-term contracted revenue, built on controlling low-cost power and developing its own facilities. On May 6 it signed a 15-year, 352 MW Beacon Point lease with an investment-grade tenant, worth $9.8 billion take-or-pay and up to $25.1 billion with renewals. That lifts contracted AI capacity to 597 MW and base contract value to about $16.8 billion across River Bend and Beacon Point, with gigawatt-scale expansion planned. … Show more

Hut 8 has signed away nearly 1GW of power and land in colocation deals for pennies on the dollar, making it a stock worth shorting for anyone willing to short at all. Colocation plays are off-limits until rates improve. x.com 

Electricity is a clear bottleneck for AI, favoring AI-focused power and data-center infrastructure names over residential utilities. The US could be short 107 GW to power data centers through 2029, while China adds capacity year after year. Medium-term preferences are Cipher, Hut 8, Riot, TeraWulf, Galaxy, Equinix, Bloom Energy, Solaris, Vistra, GE Vernova, INIO, Williams, Liberty Energy, EROC and Cummins. x.com  x.com 

Hut 8 gains long-term AI infrastructure exposure backed by Nvidia. Per the WSJ, relayed by @StockMKTNewz, Anthropic's $35B compute deal with Lambda will run in a data center Hut 8 is building in Nueces County, Texas, where Nvidia itself holds the lease. Neoclouds remain very attractive at current prices. x.com  x.com 

Hut 8 is turning from a bitcoin miner into an AI power company, a shift mainstream financial media is missing. Its Phase 2 Beacon Point contract is a 15-year triple-net lease with a top investment-grade tenant, adding 352 MW of IT capacity for a 704 MW campus, worth $9.8 billion in total with about $655 million in average annual net operating income and no capex burden on Hut 8. Benchmark doubled its price target to $165, and Lucid Capital has a $226 target. x.com 

Hut 8's thesis as an owner of energy infrastructure for modern technologies is as strong today as ever. The company has executed very well against that thesis since it was laid out in October 2024. x.com 

AI infrastructure operators such as Core Scientific, CoreWeave, Galaxy Digital and TeraWulf benefit if out-year gigawatt projections are not met. Constraints on power generation, grid transmission, labor and wafer capacity limit how many debt-financed data centers and chips get built, which is healthier longer term if the build-out is funded from operating cash flow. @LEJCapital counters that this assumes demand keeps growing exponentially and stays far above supply. x.com  x.com 

Contracted AI compute demand makes four AI infrastructure stocks worth buying at 52-week lows. Applied Digital has a $36B backlog and expects 600+ MW online within 12 months; Cipher Mining has $8.5B+ in AI leases with payments ramping; CleanSpark has a 20-year $6.6B lease and 1.8+ GW power portfolio; CoreWeave has a $104B backlog and raised its year-end ARR target to $18.5-19.5B. x.com  x.com 

Hut 8's new Beacon Point lease ranks among the best ever signed by any data center developer. Per Hut 8, the second 352 MW lease doubles a high-investment-grade tenant's capacity to 704 MW and brings 15-year base-term contract value to $19.6B. The triple-net structure means a 100% NOI margin, about $1.86M of average annual NOI per MW with a 3% escalator, against $9-11M per MW of build cost, roughly a 15% yield on cost. x.com