This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
Core Scientific got a lot of attention in 2024 for its hosting deals with cloud provider CoreWeave.
But Hut 8’s plans to lease data center space to its own — for now unknown — AI hyperscaler may put it in an even stronger position than its rival, one analyst argues.
Various bitcoin miners embarked on revenue diversification efforts last year — particularly after last year’s Bitcoin halving. This included a focus on building out HPC verticals to support AI applications.
CORZ stock shot up roughly 300% in 2024 after emerging from bankruptcy and relisting on the Nasdaq last January.
A Tuesday research note from Benchmark’s Mark Palmer followed the West Feliciana Parish Planning & Zoning Commission reportedly voting to approve Hut 8’s planned data center construction in Louisiana. It now seeks final approval.
Palmer described this project as a likely “game-changer” for the company, noting: “We believe that HUT’s agreement with the unnamed AI hyperscaler could feature better economics on a per [megawatt] basis than CORZ is slated to realize in its deal.”
The reason, he explains, was startup CoreWeave’s inability to offer support needed for CORZ to tap the project finance market. It instead agreed to provide most of the capital required to build the project.
On the other hand, Palmer explains, Hut 8 having the backing of a large, established AI hyperscaler enables it to access the finance market to raise the $2.5 billion it plans to invest in Phase One of the West Feliciana Parish project.
“The upshot is that HUT wouldn’t face the discount to its economics that CORZ had given CoreWeave’s fronting of the capex for its project,” he added.
Hut 8 shares were trading for ~$24.85 at 1:45 pm ET, while CORZ stock was at ~$14.20. Though both were down more than 6% on the day at that time, Hut 8 had the YTD stock price gain edge on Core Scientific, +17% to -1%.
Palmer’s price target for Hut 8 stock is $41. It’s safe to say we’ll be monitoring those shares as the miner’s data center project progresses.
I have not checked in here for a while since I thought it was getting boring, but the last several posts are good quality so I guess I?¦ll add you back to my daily bloglist. You deserve it my friend 🙂
Real nice pattern and fantastic content, practically nothing else we need : D.
where buy generic clomid price where to buy cheap clomid pill buying generic clomid without dr prescription where can i buy generic clomid no prescription clomid challenge test protocol can i purchase cheap clomid prices clomiphene cost
I’ll certainly bring to review more.
Thanks recompense sharing. It’s acme quality.
generic zithromax – ofloxacin 400mg canada metronidazole over the counter
semaglutide 14mg canada – purchase cyproheptadine generic buy generic periactin
domperidone online buy – order domperidone without prescription order cyclobenzaprine 15mg online cheap
Thank you for sharing with us, I believe this website genuinely stands out : D.
inderal 10mg generic – propranolol usa methotrexate online buy
buy amoxil generic – purchase valsartan for sale where to buy combivent without a prescription
order zithromax online – buy azithromycin medication nebivolol 5mg us
augmentin 625mg over the counter – at bio info ampicillin usa
order medex for sale – cou mamide order hyzaar pill
superb post.Ne’er knew this, appreciate it for letting me know.
buy meloxicam 7.5mg without prescription – mobo sin order meloxicam 15mg generic
cheap prednisone 5mg – https://apreplson.com/ prednisone 10mg without prescription
erection problems – fastedtotake best over the counter ed pills
amoxil online buy – cheap amoxicillin online how to buy amoxicillin
buy diflucan without prescription – buy fluconazole 100mg pill buy generic fluconazole 100mg
cenforce online buy – https://cenforcers.com/ cost cenforce 100mg
how much tadalafil to take – https://ciltadgn.com/# where can i buy cialis over the counter
how much does cialis cost with insurance – https://strongtadafl.com/ buying generic cialis online safe
ranitidine brand – cheap ranitidine 150mg brand zantac
viagra 50 mg – site how can i buy cheap viagra
This website positively has all of the information and facts I needed about this case and didn’t know who to ask. https://gnolvade.com/es/prednisona/
The vividness in this ruined is exceptional. zithromax 250mg cheap
This is the kind of content I take advantage of reading. https://ursxdol.com/levitra-vardenafil-online/
Greetings! Jolly gainful advice within this article! It’s the scarcely changes which choice turn the largest changes. Thanks a a quantity in the direction of sharing! https://prohnrg.com/
You got a very fantastic website, Gladiola I discovered it through yahoo.
The sagacity in this piece is exceptional. https://ondactone.com/product/domperidone/
This is the amicable of content I take advantage of reading.
where to get flexeril without a prescription
The thoroughness in this piece is noteworthy. http://www.01.com.hk/member.php?Action=viewprofile&username=Tipehp
This design is wicked! You definitely know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Excellent job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
cost forxiga 10mg – https://janozin.com/# buy forxiga 10 mg online
As I website owner I believe the subject material here is very wonderful, thankyou for your efforts.
orlistat online order – https://asacostat.com/# orlistat tablet