Hut 8 shares soar 30% pre-market after scoring $9.8 billion AI data center deal set to NVIDIA specs
The Block
Hut 8 shares rose over 30% following a $9.8 billion lease agreement for an AI data center built to NVIDIA specifications.Summary
Hut 8 Corp. shares jumped more than 30% after the company announced a $9.8 billion lease agreement for its Beacon Point data center campus in Texas. The facility will be utilized by an unnamed tenant for hyperscale AI training and inference workloads, utilizing infrastructure designed to NVIDIA's compute architecture. Despite reporting a $253 million net loss for the first quarter of 2026, the company saw its revenue grow to $71 million, largely driven by compute-related services as it pivots its business model toward high-performance computing.
(Source：The Block)