Bitcoin Mining
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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Russia's largest bank, Sberbank, has issued the country's inaugural loan secured by cryptocurrency, marking a significant step in integrating digital assets into traditional finance. The pilot loan went to Intelion Data, one of Russia's major bitcoin mining firms, with the collateral held securely in Sberbank's custody system. This move signals growing institutional interest in crypto amid evolving regulations.