Photorealistic image of Hut 8's Texas AI data center with a stock surge chart overlay, illustrating the $9.8 billion lease announcement.
Billede genereret af AI

Hut 8 shares surge nearly 30 percent after signing $9.8 billion ai data center lease

Billede genereret af AI
Dansk

Hut 8 announced a 15-year lease valued at $9.8 billion for a large-scale AI data center in Texas, sending its shares up nearly 30 percent on Wednesday. The deal covers 352 megawatts of capacity at the company's Beacon Point campus and includes options that could raise the total value to $25.1 billion.

The bitcoin mining firm said the lease with an investment-grade tenant supports AI training and inference workloads. Beacon Point, originally developed for bitcoin mining in Nueces County, has been repositioned for high-performance computing amid shifting economics in the crypto sector. The agreement marks Hut 8’s second major AI data center contract and brings its total contracted AI capacity to 597 megawatts, worth about $16.8 billion in base terms.

Hvad folk siger

Initial reactions on X highlighted Hut 8's significant stock surge following the announcement of a major AI data center lease in Texas. Users noted the company's shift towards AI infrastructure as a positive development, with some emphasizing the deal's scale and potential for expansion. Despite reporting a Q1 net loss, the market focused on the AI pivot, leading to analyst upgrades and high trading volume. Discussions also touched on the broader implications for Bitcoin miners entering AI compute. Overall sentiment was optimistic about the long-term growth prospects.

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