Headquartered in Miami, FL Fiscal year ends December NASDAQ: HUT hut8.com
Hut 8 Corp. is an energy infrastructure platform that integrates power, digital infrastructure and compute for energy-intensive technologies such as AI, high-performance computing and ASIC (Bitcoin) compute. It develops, commercializes and operates industrial-scale energy and data center infrastructure using a power-first origination model: it identifies and secures power and sites, then signs long-term, triple-net, take-or-pay leases with AI tenants. It reports three segments:
- Power: managed services.
- Digital Infrastructure: colocation, including a 50% interest in the King Mountain joint venture.
- Compute: ASIC compute and AI Cloud; the Traditional Cloud business was sold during the quarter.
Its flagship AI data center campuses are River Bend, where Fluidstack is tenant, and Beacon Point, now fully leased at about 704 MW of IT capacity. It holds about 1,330 MW of capacity under construction and a development pipeline of about 7,859 MW. Hut 8 holds Bitcoin on its balance sheet and consolidates American Bitcoin, which holds its own Bitcoin. The company is listed on Nasdaq and the TSX under HUT. Updated
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Hut 8 Corp. is an energy infrastructure platform that integrates power, digital infrastructure and compute for energy-intensive technologies such as AI, high-performance computing and ASIC (Bitcoin) compute.
The Wall Street consensus 12-month price target for HUT is $128.91.
