AICoinDeskabout 15 hours ago
Hut 8 surges on $9.8B AI lease
1 min read
Hut 8 shares jumped 14% after signing a $9.8 billion, 15-year lease for the second phase of its Beacon Point AI data center campus in Texas. The deal adds 352 megawatts of Nvidia-based AI capacity and fully commercializes the 1-gigawatt site. IREN, Cipher Mining, TeraWulf, and the CoinShares Bitcoin Miners ETF also climbed.
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