Jacobs Awarded Contract for Second Hut 8 AI Data Center in Texas, Targeting 2027 Commissioning
J is trading near its 52-week low of $115.7 (1.3% above the low).
Summary
Jacobs Solutions Inc. has secured an Engineering, Procurement, and Construction Management (EPCM) contract to deliver a second AI data center for Hut 8 in Texas. The project targets initial energization and commissioning in 2027. This contract represents a positive business development for Jacobs, demonstrating continued success and repeat business in the rapidly growing AI data center infrastructure market. While specific financial details of the contract were not disclosed, securing a second major project with a client in a strategic growth area is a material win for the company.
At the time of this announcement, J was trading at $117.25 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $13.8B. The 52-week trading range was $115.70 to $168.44. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.