Whalesbook
Basically, Hut 8 kaafi time se Bitcoin mining mein struggle kar rahi thi, jahan unhe per coin mining mein lagbhag $19,000 ka loss ho raha tha. Isko dekh kar company ne ab AI data centers ki taraf full focus karne ka decision liya hai.
Iske liye, unhone Texas mein apne Beacon Point campus ke liye $9.8 Billion ki 15-year lease sign ki hai. Is deal se company ko 352 MW ki IT capacity milegi, jo AI training aur inference ke liye use hogi. Iske baad Hut 8 ki total contracted AI data center capacity 597 MW ho gayi hai, jiska base contract value lagbhag $16.8 Billion hai. Agar options exercise kiye gaye toh yeh total value $25.1 Billion tak jaa sakti hai! Company ko is lease se saalana $655 Million ka net operating income expect hai.
Operations Q1 2027 mein start hone ki umeed hai, aur pehla data hall Q3 2027 tak ready ho jayega. Yeh move isliye bhi bada hai kyunki AI market abhi boom kar raha hai, jo 2025 mein $17.43 Billion se badhkar 2035 tak $197.57 Billion ho jayega, matlab 27.48% ka CAGR! Iske comparison mein crypto mining market kaafi slow hai.
Hut 8 ab is race mein NVIDIA, Vertiv aur Jacobs jaise partners ke saath khadi hai, lekin competition bhi kam nahi hai. Riot Platforms aur Core Scientific jaise dusre miners bhi AI ki taraf aa rahe hain. Lekin analysts ko Hut 8 ke future par bharosa hai, aur unke price targets $76 se $85 tak hain, aur kuch $136 tak bhi jaa sakte hain.
Haan, ek risk yeh hai ki company ka current P/E ratio negative -37.8 hai, matlab abhi losses hain. Lekin yeh strategic shift Hut 8 ke liye future mein paisa banane ka ek bada mauka ho sakta hai.