Jacobs Selected by Hut 8 for Data Center Construction Services
Written by Emily J. Thompson, Senior Investment Analyst
Jacobs (J) has been selected by Hut 8 (HUT) to deliver Engineering, Procurement and Construction Management services for its River Bend data center in Louisiana. The data center is leased under a 15-year, $7B lease for 245 megawatts of IT capacity and anchors a larger planned campus that is poised to become one of the largest AI and high-performance computing developments in North America. The region's power dense utility infrastructure enables reliable, high-quality delivery with the speed, flexibility and consistency required at this scale.
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
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
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.
