EMJ Capital founder Eric Jackson discusses where investors' next artificial intelligence investments should be and the construction of data centers in the U.S. on 'Making Money.'
Hut 8 Corp. is rated Buy with a 12-month target of $140-150, reflecting a deep undervaluation versus its AI infrastructure contract pipeline. HUT's $26.6B in long-term AI data center contracts and a $9.8B lease with Nvidia underpin a transformative shift from mining to digital infrastructure. Non-recourse, investment-grade project financing and a simplified balance sheet strategically differentiate HUT, reducing dilution and parent-level risk.
Hut 8 maintains a 'Buy' rating after a 108% stock rise, driven by significant data center contract wins and robust sector momentum. HUT has secured 949 MW under 15-year triple-net contracts, totaling $26.6 billion in backlog and projected $1.75 billion average annual NOI. Recent $7.5 billion in non-convertible debt financing eliminates near-term dilution risk and supports ongoing data center buildout.
| Health Care Providers & Services Industry | Healthcare Sector | Asher Kevin Genoot CEO | XMEX Exchange | US44812J1043 ISIN |
| US Country | 248 Employees | - Last Dividend | 4 Dec 2023 Last Split | - IPO Date |