Major Lease Agreement: Hut 8 has signed a 15-year lease valued at $7 billion with Fluidstack for 245 MW of IT capacity, which is expected to drive growth in the data center market and enhance the company's industry position.
Expansion Potential: The agreement grants Fluidstack a Right of First Offer for up to 1,000 MW of additional capacity, indicating Hut 8's strategic foresight in addressing the growing demand for computing power, potentially leading to higher long-term returns for the company.
Strengthened Partnerships: Hut 8 is collaborating with blue-chip partners including J.P. Morgan and Goldman Sachs to develop the project, ensuring delivery reliability and stable financing, thereby reducing risks and boosting market confidence.
Significant Economic Impact: The project is expected to create approximately 1,000 construction jobs at peak and directly generate 75 new positions once operational, further driving economic development and job opportunities in Louisiana.
HUT
$36.85+Infinity%1D
Analyst Views on HUT
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: 35.440
Low
17.50
Averages
24.54
High
33.00
Current: 35.440
Low
17.50
Averages
24.54
High
33.00
Northland
Mike Grondahl
Outperform
maintain
$26 -> $58
2025-11-05
Reason
Northland
Mike Grondahl
Price Target
$26 -> $58
2025-11-05
maintain
Outperform
Reason
Northland analyst Mike Grondahl raised the firm's price target on Hut 8 to $58 from $26 and keeps an Outperform rating on the shares after Q3, which the firm calls a "solid quarter for ABTC with execution still needed on the HPC side." With an 8.7 GW energy capacity pipeline, including 1.5 GW under development, the firm expects management to "capitalize on robust current demand and get something signed," the analyst tells investors.
Canaccord
Joseph Vafi
Buy
maintain
$36 -> $54
2025-11-05
Reason
Canaccord
Joseph Vafi
Price Target
$36 -> $54
2025-11-05
maintain
Buy
Reason
Canaccord analyst Joseph Vafi raised the firm's price target on Hut 8 to $54 from $36 and keeps a Buy rating on the shares. The firm said its Q3 results were highlighted at the corporate level by the completion of the ABTC spinout and at the operational level by advancing more of the power portfolio closer to commercialization.
Cantor Fitzgerald
Brett Knoblauch
upgrade
$24 -> $64
2025-11-04
Reason
Cantor Fitzgerald
Brett Knoblauch
Price Target
$24 -> $64
2025-11-04
upgrade
Reason
Cantor Fitzgerald analyst Brett Knoblauch raised the firm's price target on Hut 8 to $64 from $24 and keeps an Overweight rating on the shares.
Cantor Fitzgerald
NULL
to
Overweight
upgrade
$24 -> $64
2025-11-04
Reason
Cantor Fitzgerald
Price Target
$24 -> $64
2025-11-04
upgrade
NULL
to
Overweight
Reason
Cantor Fitzgerald raised the firm's price target on Hut 8 to $64 from $24 and keeps an Overweight rating on the shares. Hut 8's 8.65 GW pipeline is one of the largest pipelines in the firm's coverage, though most of this is "under diligence," the analyst tells investors in a research note. Riverbend remains the nearest term catalyst from its pipeline, but Hut 8 didn't provide a real update on this though the company has been working on this site for nearly a year, Cantor adds.
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.
