Article

Hut 8 anticipates a revenue of $95.6 million in Q4 2024, significantly up from last year's $31.7 million. Analysts project a loss of $0.16 per share. The company is shifting focus from mining to AI and HPC infrastructure, highlighted by a December deal to build an AI data center in Louisiana for Anthropic and a $7 billion lease with Fluidstack.

This partnership is expected to generate $6.9 billion in net operating income. The transition aligns with industry trends as major firms like Meta and Microsoft increase AI investments.