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Hut 8 stock soars on a new 15-year lease agreement worth $9.8 billion. Wall Street remains uber bullish on HUT shares for the remainder of 2026.
Hut 8 announced a second AI lease at its Beacon Point data center — a 352MW, 15-year triple-net agreement valued at $9.8 billion over the base term, carrying a 3%…
Hut 8 did not disclose the tenant for its 1 GW Beacon Point data center, but process of elimination points to Amazon, Nvidia, Meta, or Microsoft.
For news, we cover Hut 8’s $19.6B deal that fills out the capacity for its Beacon Point site, IREN signing $2.8B in AI cloud deals with multiple partners, and why…
The shares of Hut 8 (Nasdaq: HUT), a Bitcoin miner that has been expanding into artificial intelligence (AI) infrastructure, jumped as much as 14% on July 20 after the firm signed a $9.8 billion lease that fully commercializes its massive Texas data center campus. The 15-year deal covers the second ...
The stock of Hut 8 (NASDAQ: $HUT) is up 11% on July 20 after the company announced a new artificial intelligence (A...
The same investment-grade tenant took a second 352 MW block
Hut 8 Mining Corp (TSX:HUT, Unlisted (US):HUTMF) shares climbed nearly 12% on Monday after the company announced a second long-term lease agreement for its Beacon Point AI data center campus in Texas, fully commercializing the 1-gigawatt facility and increasing its contracted data center...
A surprise lease announcement just sent one battered energy infrastructure stock soaring 10% while dragging its crypto mining peers along for the ride, even as Bitcoin itself slipped lower.
The second 352 MW agreement completes commercialization of Hut 8’s planned 1 GW Texas campus and lifts its contracted AI data-center capacity to 949 MW.
A second 352 MW lease fully commercializes the Texas campus years before delivery, while KBW sees more contracted capacity than Hut 8’s valuation previously reflected.
The 15-year agreement doubles the tenant’s contracted IT capacity to 704 MW, bringing the Texas campus to $19.6 billion in base-term contract value.
Hut 8 plans to bring a 352 MW Nvidia-powered AI data hall online by 2028, with the fully built-out campus expected to generate $1.31 billion in annual net operating revenue.
The 15-year deal doubles an existing tenant's contracted capacity at the 1 GW Beacon Point campus to 704 MW
IREN and Hut 8 were rising sharply early on Monday as both companies announced more customers were spending on their cloud-computing infrastructure. IREN shares rose 9% in the premarket after it said it had agreed new multiyear cloud contracts with artificial-intelligence developers representing $2.8 billion in total contract value. IREN was previously an Australian Bitcoin miner called Iris Energy before pivoting to AI computing as part of a wave of “neoclouds” building out cloud computing infrastructure.
July 20 (Reuters) - Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully
Hut 8 holds 10,278 Bitcoin worth roughly $665 million and is scheduled to report second-quarter results next month.
Wall Street brokerage Benchmark has raised its price target on the stock of Hut 8 Corp. (NASDAQ: $HUT) as the compa...
The company is aggressively remaking itself from a crypto miner into a digital infrastructure landlord for the AI boom, asking investors to underwrite a high-stakes strategy before the contracts are signed.
Keel Infrastructure, TeraWulf, Hut 8, and Cipher Digital have posted substantial returns this year, with HUT stock outperforming its peers, jumping more than 131%.
IREN Limited (NASDAQ:IREN) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer mentioned the stock and its peers during the episode, as he remarked: How about the small operators? You hear their names all the time. These are more like hybrids between neoclouds and specialized real […]