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Rosenblatt said Hut 8’s contracted AI data-center portfolio outweighs a weak second quarter and near-term uncertainty surrounding the Beacon Point interconnection process.
Hut 8 stock fell 9.7% after Q2 2026 results paired an 81% revenue jump with a $177 million net loss. Key numbers inside.
Clear Street analyst Brian Dobson raised the price target on Hut 8 to $170 from $148 and maintained a ‘Buy’ rating on the shares, implying an upside of about 68% from the stock’s last close.
Hut 8's Beacon Point data center is fully commercialized at 1 GW, with the combined campus seeing $19.6 billion in contracted revenue and energization planned for Q1 2027. When accounting…
Hut 8 Corp (HUT) reports 81% revenue growth and secures major investment-grade financing, despite a non-cash GAAP net loss from Bitcoin's decline.
Hut 8’s (NASDAQ: $HUT) stock is down 5% on Aug.4 after the Bitcoin (CRYPTO: $BTC) miner and artificial intell...
At the top of today’s show, we cover Cipher Digital and Hut 8’s Q2 earnings, plus updates on their AI data center builds.
Hut 8 (NASDAQ:HUT) reported second-quarter 2026 revenue growth and improved adjusted EBITDA as its compute operations expanded, while management highlighted progress on its AI data center development projects and project-level financing strategy. Revenue rose approximately 81% year over year to $74
Compute margins and lower cash overhead lifted quarterly EBITDA above expectations, but a statewide interconnection audit adds uncertainty to the planned first-quarter 2027 energization of Hut 8’s contracted Texas campus.
The president of American Bitcoin (NASDAQ: $ABTC) has resigned from the cryptocurrency mining firm.
The company said construction has progressed at the River Bend and Beacon Point AI data center campuses, with initial deliveries expected in 2027.
Hut 8’s revenue rose 81% but fell short of consensus, while cryptocurrency valuation losses drove a wider-than-expected GAAP loss.
Hut 8 (HUT) delivered earnings and revenue surprises of +48.00% and -0.12%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Prusak announced the appointment as American Bitcoin prepares to install Paul Sacks as interim finance chief on August 4.
ABTC’s revenue from mining rose 8% to $67 million, and gross margins were roughly 50%, even as Bitcoin prices slipped during the quarter.
Hut 8's proposed 500 MW Logan Prairie data center — a $5 billion project in Illinois — hit another permitting wall when the Village of Latham canceled its August 3…
Welcome back to The Blockspace Podcast! For our lead story today, we cover how zoning for Hut 8’s $5B, 500 MW data center in Illinois has been stalled as a…
The $5 billion Logan Prairie project remains pending after village officials determined the annexation and rezoning request lacked enough votes to pass.
In recent weeks, NVIDIA and its partners have unveiled a wave of AI initiatives, including F5’s launch of F5 AI Guardrails integrated with NVIDIA NeMo Guardrails, large-scale DSX AI factory buildouts with SK Group and NAVER, and new agentic engineering tools such as PhysicsNeMo and expanded CUDA‑X libraries. At the same time, NVIDIA is stretching deeper into the AI stack and capital structure, from multi‑billion‑dollar commitments to Safe Superintelligence and Hut 8’s Texas campus to closer...
Nvidia Corporation (NASDAQ:NVDA) is reportedly the previously unnamed customer behind Hut 8 Corp.’s (NASDAQ:HUT) Beacon Point data center leases in Texas. The Financial Times identified Nvidia as the tenant on July 28, citing five people familiar with the arrangement. Nvidia discussed its work with infrastructure partners but neither confirmed nor denied that it was the […]
Chime Financial, Inc. (CHYM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nvidia (NasdaqGS:NVDA) is committing US$5b to Safe Superintelligence, a new AI safety startup led by former OpenAI chief scientist Ilya Sutskever. The company is entering multibillion dollar AI data center lease deals, including a large buildout with Hut 8 in Texas. Nvidia is expanding its Agent Toolkit platform through new partnerships with Synopsys, Siemens, and Cadence to support chip and system design automation. Nvidia sits at the center of AI computing, with its GPUs and software...
Ionic Digital stock climbed 25% on its Nasdaq debut as the Celsius-born bitcoin miner leans further into AI leasing.
Ionic Digital Inc. (NASDAQ: $IOND) surged more than 25% from its opening price during Tuesday’s Nasdaq debut,...
The reported commitment involves Hut 8's one-gigawatt Beacon Point AI campus and could include leases extending beyond an initial 15-year term.
Hut 8 (HUT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nvidia (NVDA) signed leases worth up to $50 billion for the entire 1-gigawatt data center facility t
Nvidia has signed leases worth up to $50 billion for a data center in Texas that Hut 8 is building, the Financial Times reported on Tuesday, citing five people familiar with the deal. Reuters could not immediately verify the report. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sonia Cheema)
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