Hut 8 Corp. recently announced a 15-year, US$7.00 billion lease with Fluidstack for 245 megawatts of IT capacity at its River Bend AI data center campus in Louisiana, alongside a partnership with Anthropic to host large-scale model training workloads and a Right of First Offer over as much as 1,245 additional megawatts.
This combination of a long-duration, Google-backed lease and a multi-gigawatt AI infrastructure roadmap marks a major shift in Hut 8’s business mix away from pure Bitcoin mining toward contracted, hyperscale compute infrastructure.
We’ll now examine how this long-term, US$7.00 billion River Bend lease could reshape Hut 8’s investment narrative around growth and risk.
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To own Hut 8 today, you need to believe it can evolve from a Bitcoin price sensitive miner into a contracted power and compute platform, while actually delivering its massive development pipeline. The 15 year, US$7.00 billion Fluidstack lease directly strengthens the near term catalyst of more predictable, infrastructure like cash flows, but it does not remove the key risks tied to Bitcoin exposure, project execution and the capital intensity of River Bend and other builds.
The most relevant recent announcement is the Anthropic and Fluidstack partnership, which sets a framework for Hut 8 to deploy at least 245 MW and potentially up to 2,295 MW of AI data center capacity. That context matters for this lease because it links the River Bend campus to an identified AI tenant ecosystem, reinforcing the idea that Hut 8’s growth runway increasingly depends on executing large, complex AI and high performance computing projects alongside Bitcoin focused operations.
Yet the biggest risk investors should be aware of is how quickly execution or Bitcoin volatility could pressure…
Read the full narrative on Hut 8 (it’s free!)
Hut 8’s narrative projects $767.3 million in revenue and $140.6 million in earnings by 2028. This requires 76.9% yearly revenue growth and a $13.4 million earnings decrease from $154.0 million today.
Uncover how Hut 8’s forecasts yield a $56.12 fair value, a 40% upside to its current price.
HUT 1-Year Stock Price Chart
Four fair value estimates from the Simply Wall St Community span roughly US$24 to US$56.13, showing just how far apart individual views on Hut 8 can be. Against that backdrop, the scale of the new US$7.00 billion River Bend lease highlights how much of Hut 8’s future now hinges on successfully commercializing large AI and infrastructure projects, so it is worth exploring several alternative viewpoints before forming your own stance.
Explore 4 other fair value estimates on Hut 8 – why the stock might be worth 40% less than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include HUT.
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