Hut 8 signed a $9.8 billion, 15-year AI infrastructure lease for 352 MW of IT capacity at its Beacon Point campus in Texas. Shares jumped 30% pre-market, marking another step in the miner's pivot to hyperscale AI computing.
Bitcoin miner Hut 8 shares jumped 30% after announcing a $9.8 billion, 15-year triple-net lease for 352 MW of AI infrastructure at its Texas campus, marking its second major AI data center deal.
Hut 8 surged in pre-market trading after announcing a 15-year AI infrastructure lease worth $9.8 billion at its Beacon Point campus in Texas, underscoring the broader shift from bitcoin mining infrastructure toward hyperscale AI data center development.
Hut 8 (NASDAQ: HUT) shares jumped 30% pre-market after securing a second 15-year, $9.8B AI data center lease for 352 MW capacity at its Beacon Point campus. The deal underscores bitcoin miners' shift toward high-performance computing infrastructure.
Publicly listed Bitcoin miner Hut 8 has started construction on a 62 MW facility in Culberson County, Texas, targeting Q2 2024 operations. The project will add 3.6 EH/s to self-mining capacity and is funded via BTC treasury strategy, achieving all-in costs under $275,000/MW—40% below market average.
Hut 8 starts building a 63 MW mining site in Texas funded by Bitcoin reserves. Expected to go live in Q2 2024 with 3.6 EH/s additional hashrate, costs 40% below regional average. New treasury strategy boosts stock 15% in a month.
Hut 8 has broken ground on a 63MW Bitcoin mining facility in Culberson County, Texas, expected to go live in Q2 2024. The company will utilize its Bitcoin treasury reserves to fund construction, achieving 40% lower upfront costs than nearby acquisitions.
Publicly-listed miner Hut 8 has started construction on a 63MW Bitcoin mining facility in Culberson County, Texas, set to go live in Q2 2024. The project will add 3.6 EH/s to its self-mining capacity. By using BTC holdings to fund development, the company expects all-in costs below $275,000 per MW, 40% less than local benchmarks.
