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

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.

Ohun tí àwọn ènìyàn ń sọ

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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Aerial view of TeraWulf's Kentucky AI data center site showcasing modern facilities in a rural setting.
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TeraWulf acquires Kentucky site for 1 GW AI data center

Ti AI ṣe iroyin Àwòrán tí AI ṣe

TeraWulf announced the purchase of a Kentucky development site to support more than 1 gigawatt of AI and high-performance computing capacity. The bitcoin miner turned infrastructure developer saw its stock rise 13 percent following the news.

Hut 8 refinances bitcoin loan with FalconX, cuts costs

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.

Hive Digital Secures 220 Million Dollar AI Contract With Bell Canada

Ti AI ṣe iroyin

Hive Digital Technologies announced a three-year, 220 million dollar GPU cloud contract with Bell Canada and Cohere. The deal involves deploying more than 2,300 Nvidia GPUs to support Canadian sovereign AI services. Shares in the company rose 10 percent in pre-market trading following the announcement.

Europe

Softbank pledges up to 75 billion euros for data centers in France

Crypto

Bitdeer mined 921 BTC in May but held only 171

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Bernstein says bitcoin miners gain strategic role in AI infrastructure

Bernstein reports that Bitcoin miners are positioned to supply power and data center capacity for AI workloads amid grid bottlenecks and permitting challenges.

MARA Holdings agrees to acquire Long Ridge Energy for $1.5 billion

Ti AI ṣe iroyin

MARA Holdings has agreed to purchase Long Ridge Energy & Power for about $1.5 billion to expand its AI data center capabilities. The deal includes a 505 MW gas plant and 1,600 acres in Hannibal, Ohio. It is expected to close in the second half of 2026.

Riot Platforms shares rise on expanded AMD data center deal

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.

AI data centres raise local land temperatures by up to 9.1°C

Ti AI ṣe iroyin

Data centres powering artificial intelligence are causing land surface temperatures to rise by an average of 2°C near their locations, with extremes reaching 9.1°C, according to researchers at the University of Cambridge. The heat effects extend up to 10 kilometres away, potentially impacting more than 340 million people worldwide. The findings come from a study analysing satellite data over the past two decades.

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