Hut 8
- Ticker
- HUT
- Beat
- datacenters
- Size
- Public Company
- Researched · Fresh
- 9 days ago
The cleanest landlord in the miner-to-AI cohort got cleaner — Beacon Point is fully let (704 MW, $19.6B base-term), the book is $26.6B / >$1.75B a year of NOI on 16-year amortising investment-grade debt, and the anchor tenant is reported to be Nvidia with Anthropic buying the output — but zero of it pays until Q2–Q3 2027, Phase 2 is not yet financed, and the reported P&L is still a bitcoin mark plus a 54%-owned Trump-linked miner.
1 mentions across our dossiers
“- New competitor names the 10-K now lists: Digital Realty, Equinix, plus IREN, Cipher, TeraWulf, Hut 8, Riot, CleanSpark, HIVE, Core Scientific, Bitdeer, Galaxy Digital, Fermi Inc., Keel Infrastructure, MARA.”Applied Digital · RIVAL · from Applied Digital’s dossier
Weekly closes
Who is buying
- Insiders sold, last 90 daysSEC Form 4 · newest 24 Sept 2026
- 1 filing · 20,000 shares
- Shares sold shortFINRA · settled 31 Aug 2026
- 14,878,375 shares
- Days to unwind the shortFINRA · settled 31 Aug 2026
- 3.01
Deals on the Ledger
| Announced | With | Type | Value | Source |
|---|---|---|---|---|
| 17 Dec 2025 |
| Site lease | $7B$7.0B over the base term (including a 3% annual escalator); up to $17.7B if all renewal options are exercised. | Hut 8 8-K Ex. 99.1, 2025-12-17 |
Every Hut 8 deal on the Ledger — each one read against its source.
The research around Hut 8
Covered in the Knowledge Base
Datacenters & Digital Infrastructure
Company details
| Industry | Cloud Computing |
| Size | Public Company |
Others in datacenters
5 namesWhere Hut 8 sits against the other names we cover on this beat. Each line is that company’s verdict, not a summary of it.
ABB Ltd
ABBN.SWThe operating story strengthened again (Q2 record orders $12.0bn, Electrification orders +58% comp, backlog $30.0bn, FY guide raised twice), but the s…
Applied Digital
APLDThe quarter between prints changed the shape of the argument from "is the backlog real" to "who is the company being run for"
Cash $1.6B · Runway ~3.6yr at this rate
Bloom Energy
BEThe valuation short mostly worked and is now two-thirds spent
Cash $2.7B
Equinix
EQIXThe largest guidance raise in company history rests on a quarter whose headline was bought
Cash $979M
Uniti Group
UNITThe inflection the market bought in Q1 was a one-off hyperscaler IRU
Cash $609M · Runway ~2 qtr at this rate