Hut 8
Larawang ginawa ng AI
Hut 8 shares surge nearly 30 percent after signing $9.8 billion ai data center lease
Iniulat ng AI Larawang ginawa ng AI
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.
Hut 8, a bitcoin mining and AI compute firm, has replaced its Coinbase Credit facility with a cheaper $200 million bitcoin-backed deal from FalconX. The refinancing lowers the interest rate to 7% from 9% and frees up 3,300 BTC worth about $260 million. The move boosts liquidity as the company expands into AI infrastructure.