Billionaire Investor Bets on AI Infrastructure With New Hut 8 Stake

Billionaire investor Daniel Loeb ‘s Third Point expanded its AI infrastructure portfolio with the addition of Hut 8 Corp. (NASDAQ: HUT ).

The company recently pivoted from bitcoin mining to focus on high-performance computing and AI infrastructure.

Third Point acquired 869,563 shares in the company in the first quarter of FY26.

Recent Key Events Hut reported a first-quarter loss of $1.98 per share, missing the consensus estimate of a 17-cent loss.

In addition, it reported revenue of $71.01 million, missing the consensus estimate of $81.27 million.

The company said it secured $16.8 billion in contracted lease revenue across two hyperscale AI campuses backed by triple-net, take-or-pay agreements with investment-grade counterparties.

Following the earnings release, Piper Sandler analyst Patrick Moley maintained an Overweight rating and raised the price forecast from $93 to $127.

Also, BTIG analyst Gregory Lewis maintained a Buy rating and boosted the price forecast from $90 to $115.

Hut 8 commercialized the first phase of its Beacon Point AI data center campus through a 15-year lease for 352 megawatts of IT capacity with a confidential, high-investment-grade tenant.

The deal carries $9.8 billion in base-term contract value and could reach $25.1 billion if all three five-year renewal options are exercised, according to the company’s release.

The company also said the project will be designed around Nvidia ‘s DSX reference architecture and supported by counterparties including American Electric Power, Vertiv Holdings Co. and Jacobs.

Following the news, Citizens analyst Greg P.

Miller raised the price forecast from $100 to $140, Canaccord Genuity raised the price forecast from $70 to $130 and Rosenblatt boosted the price forecast from $89 to $124.

Hut 8 awarded a sole‑source engineering, procurement and construction management (EPCM) contract to Jacobs Solutions Inc. to deliver a second U.S.

AI data center campus.

Apart from this, the company priced a $4.25 billion senior secured notes offering to finance the development of its 352-megawatt Texas data center, using the debt proceeds to support the large-scale infrastructure project.

Read Also: CleanSpark Stock Pulls In Bigger Bet From Situational Awareness Hedge Fund HUT Earnings Preview and Analyst Ratings Looking further out, the next major catalyst for the stock arrives with the August 6, 2026 (estimated) earnings report.

EPS Estimate: Loss of 32 cents (Down from $1.18 YoY) Revenue Estimate: $80.96 million (Up from $41.30 million YoY) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $120.00 (high: $156.00; low: $75.00) across 21 analysts.

Recent analyst moves include: BTIG: Buy (Raises Target to $150.00) (June 25) Rosenblatt: Buy (Maintains Target to $124.00) (June 11) Jefferies: Initiated with Buy (Target $156.00) (May 14) HUT ETF Exposure: Key Funds and Weightings Bitwise Crypto Industry Innovators ETF (NYSE: BITQ ): 5.98% Weight State Street SPDR S&P Software & Services ETF (NYSE: XSW ): 1.12% Weight Nicholas Crypto Income ETF (NYSE: BLOX ): 5.64% Weight Significance: Because HUT carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

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