Home Stock Ideas Long Ideas Tech  Summary Hut 8 Corp. is pivoting toward a power-first, infrastructure-driven model, anchored by the River Bend data center project. The River Bend campus, with a 245 MW initial capacity and 15-year triple-net lease, positions HUT for stable, contracted cash flows. HUT secured $3.25 billion in non-recourse, investment-grade project financing, returning $184 million in capital and reducing refinancing and dilution risks. Valuation is elevated on future infrastructure-like earnings; execution on River Bend and replicability of this model are critical to justifying the premium. Tom Werner/DigitalVision via Getty Images Thesis My bull case for Hut 8 Corp. ( HUT ) would hinge on a successful pivot into a scaled, power-first digital infrastructure platform, as would a lot of other buy case scenarios.…