- Hut 8 signed a second 15-year lease worth $9.8 billion with an investment-grade customer, fully commercializing its 1‑GW Beacon Point campus in Texas; the campus now has a base-term contract value of $19.6B (up to $50.2B with renewals) and the company’s portfolio has 949 MW contracted backed by 1,330 MW of utility capacity.
- The company has shifted from crypto mining to AI data centers — its shares have nearly doubled this year and jumped about 5% in premarket trading after the deal.
- Hut 8 redesigned a data hall around Nvidia’s architecture, boosting capacity 57% in the same footprint, highlighting how chip design and power/site access are driving competition in AI infrastructure.
The news, distilled into what matters.
Get the full experience in the app — topics, comments, and audio summaries.