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Crypto miner Hut 8 signs a lease worth $9.8B+ over 15 years to provide computing power to a “high-investment-grade company” at its Nueces County, Texas campus

Hut 8 Corp., a cryptocurrency miner that is shifting to developing artificial intelligence data center capacity …

Bloomberg Dina Bass

Discussion

  • r/wallstreetbets r on reddit
    HUT 8 Corp jumps 30%+ with announcement of signing a 15 year AI lease worth $9.8B
  • @hut8corp @hut8corp on x
    Hut 8 has signed a 15-year, 352 MW AI data center lease at its Beacon Point campus with base-term contract value of $9.8 billion and up to $25.1 billion if all renewal options are exercised. Envisioned as a multi-phase, multi-tenant campus, Beacon Point is the second AI data [ima…