Hut 8 Secures 949 MW AI Deals Worth $26.6B, Buys Poolin Sites for $140M
HUT has more than doubled off its 52-week low of $31.67.
Summary
Hut 8 has contracted 949 MW of AI infrastructure across its data centers, with an internal estimate of $26.6 billion in total contract value. This follows the July commercialization of its 1 GW Beacon Point campus and the September Anthropic deal. The company also agreed to acquire Poolin's two Texas data center sites for $140 million, expanding its footprint. Q2 revenue reached $105.18M, up 81% YoY, though GAAP EPS loss widened to $1.78. UBS initiated coverage with a Strong Buy and $143 target, citing Beacon Point operations and NAV gains of $12-14M per MW from recent deals.
At the time of this announcement, HUT was trading at $101.41 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $12.5B. The 52-week trading range was $31.67 to $140.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.