StreetInsider.com News Articles

Morgan Stanley sees AI data center pivot unlocking upside for bitcoin miners

Thu, 23 Jul 2026 13:40:04 -0400

Investing.com -- Morgan Stanley initiated coverage of bitcoin miners turned AI infrastructure providers, arguing that companies with large, grid-connected power assets are well positioned to benefit from surging demand for AI data centers as hyperscalers race to secure electricity for compute expansion.

The brokerage said power has become the biggest bottleneck for AI infrastructure, making existing bitcoin mining sites attractive candidates for conversion into AI data centers. It expects demand for compute to continue outstripping supply, allowing owners of "powered shell" assets to command attractive lease economics as AI companies seek faster access to electricity. Morgan Stanley estimates U.S. data

Morgan Stanley sees AI data center pivot unlocking upside for bitcoin miners

Thu, 23 Jul 2026 13:40:04 -0400

Morgan Stanley sees AI data center pivot unlocking upside for bitcoin miners

Thu, 23 Jul 2026 13:40:04 -0400

Morgan Stanley Starts Hut 8 Mining Corp. (HUT) at Overweight

Thu, 23 Jul 2026 08:15:54 -0400

(Updated - July 23, 2026 8:15 AM EDT)

Morgan Stanley analyst Stephen Byrd initiates coverage on Hut 8 Mining Corp. (NASDAQ: HUT) with a Overweight rating and a price target of $263.00.

The analyst comments: “HUT consistently sets the high water mark for BTC-to- HPC deals, and these deals' value undergird our $263 price target (141% upside). Until TeraWulf announced their $19bn deal at Justified Data Campus, HUT's $18.50/watt in estimated equity value creation from their deal at their River Bend Campus stood as the deal with the most attractive terms to a HPC company. This deal was not a one-time occurrence;

Morgan Stanley Starts Hut 8 Mining Corp. (HUT) at Overweight

Thu, 23 Jul 2026 08:15:54 -0400

(Updated - July 23, 2026 8:15 AM EDT)

Morgan Stanley analyst Stephen Byrd initiates coverage on Hut 8 Mining Corp. (NASDAQ: HUT) with a Overweight rating and a price target of $263.00.

Hut 8 Mining Corp. (HUT) PT Raised to $195 at Benchmark

Wed, 22 Jul 2026 09:51:45 -0400

(Updated - July 22, 2026 9:51 AM EDT)

Benchmark analyst Mark Palmer raised the price target on Hut 8 Mining Corp. (NASDAQ: HUT) to $195.00 (from $165.00) while maintaining a Buy rating.

The analyst commented, "When Hut 8 Corp. (HUT) CEO Asher Genoot describes the company’s power-first development model, he often frames it as a reflection of what counterparties are willing to commit against it. On Monday, HUT announced the latest validation point for its model: the commercialization of the second phase of its 1 GW Beacon Point data center campus in Nueces County, Texas. The transaction featured the company’s second 15-year,

Hut 8 Mining Corp. (HUT) PT Raised to $195 at Benchmark

Wed, 22 Jul 2026 09:51:45 -0400

(Updated - July 22, 2026 9:51 AM EDT)

Benchmark analyst Mark Palmer raised the price target on Hut 8 Mining Corp. (NASDAQ: HUT) to $195.00 (from $165.00) while maintaining a Buy rating.

Rosenblatt on Hut 8 Mining Corp. (HUT): 'Impressive Execution As HPC Momentum Continues'

Tue, 21 Jul 2026 06:44:08 -0400

Rosenblatt analyst Chris Brendler reiterated a Buy rating and $124.00 price target on Hut 8 Mining Corp. (NASDAQ: HUT)

The analyst comments "In our view, Hut 8's second lease at its Beacon Point site is a significant positive across multiple dimensions. First, the tenant — the same (undisclosed) high-investment-grade counterparty from the Phase 1 lease — chose to exercise its ROFO option and double its contracted footprint to 704 MW, the strongest validation an HPC infrastructure provider can receive. Second, with mgmt's partnership-driven delivery model now proven across River Bend and Beacon Point Phase 1, we have increased confidence in HUT's

Hut 8 Mining Corp. (HUT) PT Raised to $145 at Needham

Mon, 20 Jul 2026 09:50:17 -0400

Needham analyst John Todaro raised the price target on Hut 8 Mining Corp. (NASDAQ: HUT) to $145.00 (from $128.00) while maintaining a Buy rating.

The analyst commented, "Nvidia exercised its option on the remaining capacity with HUT at Beacon Point, which came very near to the end of the exclusivity period between the two companies (which we had earmarked for ending Friday). The economics are the same between both Phase 1 & 2 at the Beacon Point site, and represent some of the strongest co-lo economics signed in 2026.

$1.86m/MW in NOI over the avg. 15 year NNN lease; inline with CIFR

Hut 8 Mining Corp. (HUT) PT Raised to $145 at Needham

Mon, 20 Jul 2026 09:50:17 -0400

Needham analyst John Todaro raised the price target on Hut 8 Mining Corp. (NASDAQ: HUT) to $145.00 (from $128.00) while maintaining a Buy rating.

$1.86m/MW in NOI over the avg. 15 year NNN lease; inline with CIFR

Hut 8 shares rise on second Texas data center lease

Mon, 20 Jul 2026 06:39:24 -0400

Investing.com -- Hut 8 Corp. shares traded about 6% higher in pre-market on Monday after the company announced a second 352 megawatt lease at its Beacon Point data center campus in Texas.

The company secured a 15-year lease valued at $9.8 billion for 352 megawatts of IT capacity at its Nueces County facility. The tenant is the same high-investment-grade company that signed the Phase 1 lease and has now doubled its contracted IT capacity at the campus to 704 megawatts.

The transaction completes the commercialization of the Beacon Point campus against its 1,000 megawatts of utility capacity, which is secured under an

Hut 8 signs second 352 MW lease at Texas AI data center campus

Mon, 20 Jul 2026 06:31:00 -0400

Hut 8 Corp. (Nasdaq: HUT) has signed a second 15-year, $9.8 billion triple-net lease for 352 megawatts of IT capacity at its Beacon Point data center campus in Nueces County, Texas, according to a company statement released July 20.

The tenant, identified only as a high-investment-grade company, is the same counterparty that signed the Phase 1 lease, doubling its contracted capacity at the campus to 704 MW. The transaction fully commercializes the 1,000 MW campus, which operates under an interconnection agreement with AEP Texas.

The lease includes a 3.0% annual base rent escalator, bringing the total base-term contract value for the full

Hut 8 signs second 352 MW lease at Texas AI data center campus

Mon, 20 Jul 2026 06:31:00 -0400

The lease includes a 3.0% annual base rent escalator, bringing the total base-term contract value for the full

Hut 8 Fully Commercializes 1 GW Beacon Point AI Data Center Campus with Second 352 MW IT Lease, Bringing Campus-Level Base-Term Contract Value to $19.6 Billion

Mon, 20 Jul 2026 06:30:00 -0400

15-year, 352 MW IT lease doubles the existing high-investment-grade tenant's contracted capacity to 704 MW

Total contracted IT capacity across Hut 8's AI data center portfolio rises to 949 MW, supported by 1,330 MW of utility capacity, with aggregate base-term contract value of $26.6 billion and average annual NOI of more than $1.75 billion

100% of Hut 8's contracted AI data center capacity is leased to or backstopped by investment-grade counterparties

Renewal options increase potential campus-level contract value to $50.2 billion