AI Data Centers
Hut 8 shares surge nearly 30 percent after signing $9.8 billion ai data center lease
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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.
Riot Platforms' shares jumped about 8% on Friday after Advanced Micro Devices doubled its capacity at the company's Rockdale, Texas data center. The expansion highlights Riot's pivot from bitcoin mining to AI infrastructure. The deal is expected to generate roughly $636 million over 10 years.
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South Korea's exports reached $86.13 billion in March, breaching the $80 billion mark for the first time ever. According to data from the Ministry of Trade, Industry and Resources, this represents a 48.3 percent increase from a year earlier. Record semiconductor shipments drove the surge.