Hut 8 land Google‑backed $7B, 15‑year AI lease wit $17.7B renewal upside

Hut 8 don sign one 15-year lease wit AI infrastructure operator Fluidstack for 245 MW for dia River Bend data center for Louisiana, di base deal worth about $7 billion. Google go backstop lease payments and some operating costs (energy, maintenance, taxes) financially, so credit support strong even though dem no be direct tenant. Di contract get three five-year renewal options we fit push total value reach as much as $17.7 billion. Analysts don update models and price targets: Cantor Fitzgerald raise Hut 8 target to $72 (from $64), dem project about $6.9 billion net operating income over di base term and assume PUE of 1.35; Canaccord raise target to $62 (from $54) and increase River Bend per-share valuation. Hut 8 also report 900 MW we dey under construction and 1,255 MW we dey under exclusivity, showing dem dey move from mainly Bitcoin mining to AI and high-performance computing (HPC) revenue. Di deal reduce Hut 8 exposure to crypto price swings by locking long-term, predictable revenue and e draw positive investor reaction and analyst support, make HUT shares rise. For traders: di news make Hut 8 corporate credit profile and revenue visibility stronger, reduce company-specific crypto risk, but na corporate infrastructure development e be, no be direct protocol or token event.