Hut 8 stock nears 35% surge after $9.8B AI data center lease
Crypto Briefing
Hut 8 shares climbed 35% following a $9.8 billion lease agreement for its new AI data center campus in Texas.Summary
Hut 8 shares rose nearly 35% after the company secured a 15-year, $9.8 billion lease for its Beacon Point AI data center in Texas. The agreement with a confidential investment-grade tenant covers 352 megawatts of IT capacity and is designed for hyperscale AI training. This development, which utilizes NVIDIA’s DSX reference architecture, advances Hut 8’s strategic pivot from Bitcoin mining toward energy and AI infrastructure, significantly increasing its contracted capacity to 597 megawatts.
(Source：Crypto Briefing)