Hut 8 Corp.
HUT · Power-First Operator · Miami, Florida, USA
$123.02
+4.5% today
Market Thesis
Hut 8 is pivoting from a vertically integrated Bitcoin miner/power operator into a hyperscale AI/HPC landlord, monetizing grid-secured land+power via long-term triple-net take-or-pay AI leases (River Bend 245 MW with Fluidstack, Google-backed; Beacon Point 352 MW). The power angle: ~710 MW energized today is almost entirely Bitcoin/ASIC + colocation, with an 8,375 MW development pipeline but essentially zero AI/HPC capacity energized yet.
Power Position
Operational · energized0.71 GW
Contracted · not operational0.83 GW
Announced · pipeline7.55 GW
Operational power is energized and earning today. Contracted is signed but not yet drawing load. Announced is pipeline — grid agreements and stated intent. The gap between them is where the risk, and the re-rating, live.
Key Sites & Contracts
Recent News
Jun 27
May 6, 2026: Hut 8 reported Q1 2026 results disclosing a newly signed 15-year, 352 MW triple-net take-or-pay AI data center lease at its Beacon Point (Texas) campus worth $9.8B, lifting signed take-or-pay IT capacity to 597 MW and contracted revenue to $16.8B.