Hut 8 shares jump over 30% on news of $9.8 billion AI data center lease
CoinDesk
Hut 8 stock surged over 30% following the announcement of a 15-year, $9.8 billion AI data center lease agreement in Texas.Summary
Bitcoin miner Hut 8 saw its stock price climb nearly 30% after securing a 15-year, $9.8 billion lease for an AI data center project at its Beacon Point campus in Texas. The deal, which supports high-performance computing and AI workloads, includes renewal options that could potentially increase the total contract value to $25.1 billion. This pivot reflects a broader industry trend among Bitcoin miners transitioning toward AI infrastructure to mitigate the economic challenges of crypto mining. The facility is expected to be energized in early 2027, with Hut 8 projecting significant annual net operating income from the partnership.
(Source：CoinDesk)