$HUT - Hut 8 initiated with an Overweight at Morgan Stanley and $263 price target.
I remember fist buying this company at $12 CAD....crazy what a few years and pivot into AI can do for a companies fortunes!!
"The firm launched coverage on three additional Bitcoin miners turned-high performance computing companies, which it calls powered shell providers, noting that it remains bullish despite the recent market pullback among such "PSPs." Recent deals with hyperscalers show highly attractive terms, says the analyst, who adds that "now is the time to buy these stocks" as the firm believes the market correction is "at odds with the lucrative transactions into which these companies sign."
Hut 8 has fully commercialized its 1 GW Beacon Point AI data center campus with a second 352 MW IT lease, bringing campus-level base-term contract value to $19.6 billion. The 15-year lease doubles the existing high-investment-grade tenant's contracted capacity at the campus to 704 MW, and renewal options carry potential campus-level contract value to $50.2 billion.
Across its portfolio, Hut 8's contracted AI data center capacity now totals 949 MW, supported by 1,330 MW of utility capacity, representing $26.6 billion in aggregate base-term contract value and average annual NOI of more than $1.75 billion. 100% of that capacity is leased to or backstopped by investment-grade counterparties.
Read the full release: https://t.co/WYQRXPnypy
$hut hut8 in numbers
+About 710 MW already under management (operating).
+About 830 MW under construction.
+About 550 MW under development.
+About 1,680 MW under exclusivity (rights secured but not yet being built).
+About 5,315 MW under diligence (sites being evaluated)
$HUT | Lucid Capital Markets ๐ข๐ง๐ข๐ญ๐ข๐๐ญ๐๐ฌ ๐๐ฎ๐ญ ๐ with a ๐๐ฎ๐ฒ, sets ๐๐ ๐๐ญ $๐๐๐
Analyst initiates on HUT as a pure-play digital infrastructure landlord, believing its valuation gives limited credit to a de-risking multi-GW pipeline.
$HUT CEO Asher Genoot: โWe have over 8 gigawatts in our development pipeline.โ
Jensen Huang has priced future AI data centers at $80B to $100B per gigawatt.
Do the mathโฆ
NEW: The Clarity Act has officially been reported out of the Senate Banking Committee and placed on the Senate Legislative Calendar.
On May 14, the committee voted to advance the bill.
As of June 1, that process is complete and the legislation is now eligible to be scheduled for consideration by the full Senate. The next major hurdle is a floor vote.
The sequence is now:
โ Introduced
โ Committee hearings
โ Committee markup
โ Passed Senate Banking Committee (15-9)
โ Placed on Senate Calendar
โฌ Full Senate debate/amendments
โฌ Senate floor vote
โฌ House-Senate reconciliation (if needed)
โฌ Presidential signature
$KEEL per Share Price Estimates!!!
1st Table shows estimated prices for the first three deals, likely to be Sharon, Moses Lake and Sherbrooke.
Per share price: $15.99 to $31.99
2nd Table shows full electrification including expansion of 326 MW to reach the total 2.2 GW capacity.
Per share price: $157.09 to $314.18
๐จ JUST IN: Hut 8 Corp. $HUT Eyes $3B Bond Sale for Google-Backed Data Center
Details include:
โค Hut 8 plans to raise $3B+ via investment-grade bonds for AI infrastructure
โค Building a 245MW, 600,000 sq ft data center in Louisiana
โค Secured 15-year lease (~$7B) with cloud firm Fluidstack
โค Google backstop supports lease payments & project stability
โค Power supply agreement in place with Entergy subsidiary
โค Deal led by Goldman Sachs, JPMorgan & Morgan Stanley
โค Expected BBB- rating, riding strong AI data center demand
๐จMAJOR BREAKING
The government is trying to BURY this one
Canada has just SIGNED an agreement with the Musqueam First Nation
giving them PROPERTY TITLE RIGHTS
to MOST OF VANCOUVER! .... I AM NOT KIDDING HERE!