Today’s Stock: Hut 8 Corp. (HUT)Today’s Stock: Hut 8 Corp. (HUT)
Bitcoin miner and AI scaler.
The company operates through four segments: Power, Digital Infrastructure, Compute, and Other. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services, as well as engages in the Bitcoin mining business.
My Thoughts 💭My Thoughts 💭
I had a phase of where I was buying every Bitcoin miner that came to market. I bought a small bag of this company as part of my strategy to go quadruple long Bitcoin.
I am up about 394% since buying some shares 3 years ago. The stock went crazy as of late due to the AI trade and Hut 8 making deals with big tech to offer data services from energy to infrastructure.
At 56.8k sats per share (@ $88,653), that pays no dividend. The company is expensive at a PE of 26 thus for this investment to make sense they better have a massive bag of bitcoin or continue to grow with AI and Bitcoin mining fees.
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Hut 8 is currently a well established bitcoin miner that started to offer services to the AI industry.
The have a massive bag of bitcoin (13k +) that they use for various business ventures thus it has served as the perfect treasury asset.
The growth projections are misleading in my opinion thus may cause investors to stay away but if you are looking for Bitcoin value this stock is not a bad one to own. Every share of Hut 8 you by for 56.8k sats will net you 12k sats of Bitcoin exposure with the goal of getting more while not losing your principal. Since they have a mining business the risk of dilution is low compared to other Bitcoin treasury companies that have no outside cash flow.
Bullish on the young board but bearish on the ownership mix.
I won’t be adding shares to my account just a hold for me now but Hut. 8 is running a solid business.
I thought there was a Tether connection to Hut8, but the only thing I could find was something about their former CEO, so I must be wrong.
I thought so too. Hmm
Jacobs starts $10B Louisiana data center
An energy infrastructure provider is moving forward with a multibillion-dollar data center project in West Feliciana Parish, Louisiana, marking another megaproject win for the Bayou State.
Hut 8, a Miami-based company, reported the first phase of construction is underway on its River Bend data center campus, valued at approximately $10 billion, according to a news release. The energy infrastructure company said it expects the facility to begin operations in the second quarter of 2027.