Hut 8 (HUT) Stock News Today: Analyst Targets Rise After Google-Backed $7 Billion AI Data Center Lease
Hut 8 shares jumped about 10% to $42.55 on Dec. 19 after announcing a 15-year, $7 billion lease with Fluidstack for 245 MW of AI infrastructure at its Louisiana campus, backed by Google. KBW raised its price target to $55, citing strong execution and scale potential. The deal includes a Google backstop and could reach $17.7 billion with renewals. JPMorgan is set to lead project financing.