Hut 8’s AI Deal Turns Wall Street into Cheerleaders 🎉🚀

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Oh, the glorious spectacle of stocks! 🍿

Behold, dear reader! The once humble Hut 8, now riding high on the wings of a colossal $7 billion AI lease, has managed to do what most companies only dream of at night-sharpening the teeth of Wall Street’s eager analysts, all while Google lovingly pats it on the back. Truly, a saga for the ages. 📈😏

What’s the scoop? Enlighten yourself or pretend long enough to appear wise:

  • Hut 8, the darling of the cryptosphere, saw its shares prance upward after signing a 15-year, $7 billion lease-because nothing says “bankable” like a contractual obligation for a decade and a half.
  • Google, the corporate deity, takes on the role of benevolent overlord, promising to backstop lease and operating costs. A true fairy tale, except instead of a dragon, we have a search engine giant providing financial armor. 🐉🔒
  • Analysts from Cantor Fitzgerald and Canaccord, armed with calculators and perhaps a touch of wishful thinking, have raised their price targets to $72 and $62 respectively. All this, while Hut’s stock was hanging around $40 yesterday like a shy squirrel in the fall. 🐿️💼

Apparently, Brett Knoblauch from Cantor has finally broken his silence, now waving a giant banner with “$72” fluttering proudly, claiming the deal is a “market waiting to happen.” Like some prophecy, if you believe in such things. The 15-year pact, good for a whopping 245 MW in Louisiana – a place not known for its icy winters but evidently perfect for AI data centers, or so we’re told. 🌞💻

And Google, ever the nurturing parent, will cover “lease payments and operating expenses,” including the energy and taxes-because nothing screams stability like a tech giant taking financial custody. Three renewal options? Sure, why not push the envelope to a potential $17.7 billion in total? Just some casual billions, no biggie.

Meanwhile, Hut 8’s foray beyond crypto-oh, those Bitcoin holdings-have been a bit of a bumpy ride, but the new deal apparently offsets all that. It’s like using a giant wrench to fix a leaky faucet. According to Knoblauch, this is “the first of many deals,” because why settle for just one, when you can have an entire pipeline of windfalls? 💸🤪

Over at Canaccord, the valuation of Hut’s River Bend site has doubled, now pegged at $22/share, up from $14. Because, evidently, a fancy lease agreement makes everything worth twice as much overnight. In response, the target price has been nudged into the stratosphere-hello, $62!

Hut has gained a comfortable 1.8% in premarket trading, riding on the coattails of a 9% surge yesterday. The rollercoaster continues, my friend, and no one quite knows when the next loop-de-loop will happen. 🎢

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2025-12-18 16:04