Hut 82026-09-01 12:20:16Hut 8’s Texas site holds $19.6 billion in long-term lease contractsHut 8’s site in Texas holds long-term lease contracts valued at $19.6 billion, according to an Odaily report published on Sept. 1. The reported contract value is more than 260 times the company’s latest quarterly revenue. The same report said AI companies are competing for Hut 8’s power capacity and data center resources. The item was published as a market analysis newsflash and did not provide additional details on the structure of the leases or the identities of the companies involved. With the figures available, the main takeaway is the scale of the contract value relative to Hut 8’s most recent quarterly revenue, alongside demand from AI firms for power and data center capacity tied to the company’s Texas operations.1280
MARA2026-07-29 08:59:32MARA CEO says AI power economics outstrip Bitcoin mining as miners shift focus to energy accessMARA Holdings CEO Fred Thiel said power used for AI infrastructure generates much higher returns than power allocated to Bitcoin mining, arguing that electricity access is becoming the most important strategic asset for mining companies. He said the economics are changing as the Bitcoin halving continues to squeeze mining revenue while electricity remains the industry’s biggest operating cost. In that environment, miners need to control power resources directly or build close ties with utilities if they want to stay competitive. Thiel also pointed to MARA’s recent infrastructure moves. The company is working with Starwood on a computing platform of about 1 gigawatt, with plans to expand that buildout to 2.5 gigawatts. Earlier this month, MARA announced the acquisition of a Texas site with about 2 gigawatts of power interconnection capacity for digital infrastructure development. Even so, Thiel said AI will not fully replace Bitcoin mining. In regions with low-cost, idle, or surplus power, he said Bitcoin mining still serves as an effective way to improve electricity utilization. In his view, for miners with grid access and developable land, mining will increasingly become one use of power rather than the only one.2350
