Hut 8's $7B AI Data Center Deal and Benchmark's $85 Price Target
Hut 8 secured a $7B, 15-year lease with Fluidstack for River Bend; Benchmark raised Hut 8's stock target to $85, highlighting Google's 15-year payment backstop.
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Hut 8 secured a $7B, 15-year lease with Fluidstack for River Bend; Benchmark raised Hut 8's stock target to $85, highlighting Google's 15-year payment backstop.
Hut 8 inks a $7B 15-year triple-net lease with Fluidstack for 245 MW at River Bend campus, with option for 1,000 MW more and annual NOI around $454M.
Hut 8 signed a 15-year, $7 billion lease for 245 MW AI data center capacity in Louisiana, backed financially by Google and leased to Fluidstack, with completion in 2027.