KBW Maintains 'Outperform' Rating for Hut 8 Following Beacon Point Lease Expansion
Keefe, Bruyette & Woods (KBW) has reaffirmed its 'Outperform' rating and $138 price target for Hut 8 following the announcement of a second lease at the company's Beacon Point AI data center. The new lease adds 352 MW of IT capacity under a 15-year agreement, boosting Hut 8’s contracted portfolio to 949 MW with total base-term contract value reaching $26.6 billion.
Tickers: $HUT
Topics: AI infrastructure lease agreements real estate stock ratings