B. Riley Maintains Buy Rating on Hut 8 Following Second Beacon Point Lease Agreement

Hut 8 signed a second lease for its Texas AI data-center campus, valued at $9.8 billion over the base term. B. Riley Securities reaffirmed its Buy rating and price target of $130 per share. The combined leases now total $19.6 billion in value with projected annual net operating income exceeding $1.75 billion.

By William Foxley Mon, July 20, 2026 at 5:05 PM GMT+3 2 min read · Yahoo Finance · July 20, 2026, 14:05 UTC

Tickers: $HUT

Topics: AI data centers capital expenditures lease agreement

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