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Hut 8 building permit a ‘significant step’ toward data center, says Benchmark
The Fly

Hut 8 building permit a ‘significant step’ toward data center, says Benchmark

Benchmark notes that the West Feliciana Parish planning and zoning commission voted to approve Hut 8’s (HUT) building permit, which the analyst calls a “significant step” in the company’s plan to build the first phase of a 300 MW data center complex that it would lease to an unnamed artificial intelligence hyperscaler. Following the step closer to the “game-changing” complex, the firm reiterates its Buy rating and $41 price target on Hut 8 shares.

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