Hut 8 Corp's stock fell 5.06% as it crossed below the 5-day SMA amid a broader market decline, with the Nasdaq-100 down 1.21% and the S&P 500 down 0.81%.
The company has selected Jacobs for a significant $7 billion contract to provide Engineering, Procurement, and Construction Management services for the River Bend data center in Louisiana. This project will deliver 245 megawatts of IT capacity and is expected to become one of the largest AI and high-performance computing developments in North America, enhancing Hut 8's competitive positioning in the market.
This partnership not only marks a substantial investment in infrastructure but also reflects Hut 8's commitment to expanding its capabilities in high-performance computing, which is crucial for meeting the growing demands of the sector.
Wall Street analysts forecast HUT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HUT is 24.54 USD with a low forecast of 17.50 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast HUT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HUT is 24.54 USD with a low forecast of 17.50 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 56.390
Low
17.50
Averages
24.54
High
33.00
Current: 56.390
Low
17.50
Averages
24.54
High
33.00
Keefe Bruyette
Outperform
maintain
$55 -> $75
2026-01-26
New
Reason
Keefe Bruyette
Price Target
$55 -> $75
AI Analysis
2026-01-26
New
maintain
Outperform
Reason
Keefe Bruyette raised the firm's price target on Hut 8 to $75 from $55 and keeps an Outperform rating on the shares. The firm updated the company's model ahead of the Q4 report to reflect current hash price trends.
B. Riley
Buy
maintain
$61 -> $76
2026-01-09
Reason
B. Riley
Price Target
$61 -> $76
2026-01-09
maintain
Buy
Reason
B. Riley raised the firm's price target on Hut 8 to $76 from $61 and keeps a Buy rating on the shares. The firm cites the announcement of the company's December River Bend deal and partnership with Fluidstack and Anthropic for the target increase.
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Keefe Bruyette
Outperform
maintain
$30 -> $55
2025-12-19
Reason
Keefe Bruyette
Price Target
$30 -> $55
2025-12-19
maintain
Outperform
Reason
Keefe Bruyette raised the firm's price target on Hut 8 to $55 from $30 and keeps an Outperform rating on the shares. The improving colocation economics is a positive read-through for miners with ready-for-service capacity over 2026-2027, the analyst tells investors in a research note.
Craig-Hallum
George Sutton
Buy
upgrade
$60 -> $80
2025-12-18
Reason
Craig-Hallum
George Sutton
Price Target
$60 -> $80
2025-12-18
upgrade
Buy
Reason
Craig-Hallum analyst George Sutton raised the firm's price target on Hut 8 to $80 from $60 and keeps a Buy rating on the shares following their data center lease. The firm notes that the economics on the 245 MW deal are impressive. Craig-Hallum also believes that the scalability provided by Fluidstack's ROFO on the next 1 GW at River Bend and the strategic partnership with Anthropic for diligence on another 1 GW could prove very meaningful in the future and could ultimately turn this deal announcement into one of "legendary" status for the company.
About HUT
Hut 8 Corp. is an energy infrastructure platform. The Company's segments include Power, Digital Infrastructure, Compute, and Other. The Company's Power segment acquires, develops, and manages critical energy assets such as interconnects, powered land, and other electrical infrastructure to address the load demands of energy-intensive applications such as Bitcoin mining and high-performance computing. Its Power segment consists of power generation and managed services. Its Digital Infrastructure segment consists of CPU Colocation and ASIC Colocation services. The Company's Compute segment consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. The Company, through its subsidiary, American Bitcoin Corp., is focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The Company's platform spans approximately 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
