Stocks_Spot
Nov 11, 1:09 PM
$HUT is trading on what it has signed, not on what it earns today. On Nov 4 the stock fell 23% as Q3 revenue of
$71.1M missed the
$77.2M consensus, amid the post-midterm AI infrastructure selloff. It rebounded 14.6% to
$52.65 on Nov 6.
The contracts are the story. Hut 8 signed a second 15-year,
$9.8B lease for 352 MW at its Beacon Point campus with its Phase 1 tenant, fully committing the 1 GW site. Expected base-term contract value across its AI portfolio is now about
$26.6B. First data halls: River Bend in Q2 2027, Beacon Point Phase 1 in Q3 2027.
Management says both projects will be funded at the project level, without equity issuance or parent-level recourse debt. It also sold Bitcoin to fund buybacks and lifted its authorization to
$1.0B.
On-time delivery in 2027: is that the only number that matters here?
Not financial advice. Do your own research.
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