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Bloomberg23h agoneutral
Most Power Sought for US Data Centers Will Never Materialize

(Bloomberg) -- More than two-thirds of the electricity sought for the artificial intelligence boom in the US isn’t likely to materialize due to “phantom” projects and long-shot pitches.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DrivePakistan Says Deal Is Close Even as Iran, US Harden StancesTata Sons Chairman to Step Down, Deepening Leadership TurmoilTrump Weighs Call for Capital Gains Tax

Why Hut 8 (HUT) Is Up 5.2% After Pivoting Toward AI Data Center Infrastructure
Simply Wall St.6d agoneutral
Why Hut 8 (HUT) Is Up 5.2% After Pivoting Toward AI Data Center Infrastructure

In the past week, Hut 8 Corp. reported Q2 2026 results showing revenue rising to US$74.93 million from US$41.30 million a year earlier, but swinging from net income of US$137.31 million to a net loss of US$150.19 million, largely driven by unrealized losses on digital assets. Alongside this loss, Hut 8 expanded its long-term AI data center footprint to 949 MW of contracted capacity with about US$26.60 billion in lease value and secured US$7.50 billion of non-recourse project financing,...

Hut 8 (HUT) Advances AI Data Center Projects, Is It Still A Bargain?
Simply Wall St.7d agoneutral
Hut 8 (HUT) Advances AI Data Center Projects, Is It Still A Bargain?

Hut 8 (HUT) is back in focus after its latest earnings update for the quarter and six months to June 30, 2026, which paired higher reported revenue with a significantly wider net loss. See our latest analysis for Hut 8. Hut 8’s latest earnings have come alongside sharp share price swings, with the stock falling about 9.7% on the day yet still carrying a 97.3% year to date share price return and a very large 1 year total shareholder return of roughly 4x. If you are looking for more ways to...

Hut 8 (HUT) Faces ERCOT Delays For Its 1GW Texas AI Data Center
Simply Wall St.7d agoneutral
Hut 8 (HUT) Faces ERCOT Delays For Its 1GW Texas AI Data Center

Hut 8 (NasdaqGS:HUT) is facing regulatory delays in energizing its planned 1GW Beacon Point AI data center campus in Texas. The project has secured significant financing, but launch timing now depends on pending approval from the Electric Reliability Council of Texas (ERCOT). The holdup affects the rollout of Hut 8's larger AI infrastructure buildout and its efforts to broaden revenue beyond its core business. For investors following Hut 8, the Beacon Point project sits at the intersection...

Hut 8 Q2 Earnings Call Highlights
MarketBeat8d agoneutral
Hut 8 Q2 Earnings Call Highlights

Hut 8 (NASDAQ:HUT) reported second-quarter 2026 revenue growth and improved adjusted EBITDA as its compute operations expanded, while management highlighted progress on its AI data center development projects and project-level financing strategy. Revenue rose approximately 81% year over year to $74

Is NVIDIA’s Expanding AI Factory Ambition Rewiring Its Risk‑Reward Profile for NVDA Investors?
Simply Wall St.13d agoneutral
Is NVIDIA’s Expanding AI Factory Ambition Rewiring Its Risk‑Reward Profile for NVDA Investors?

In recent weeks, NVIDIA and its partners have unveiled a wave of AI initiatives, including F5’s launch of F5 AI Guardrails integrated with NVIDIA NeMo Guardrails, large-scale DSX AI factory buildouts with SK Group and NAVER, and new agentic engineering tools such as PhysicsNeMo and expanded CUDA‑X libraries. At the same time, NVIDIA is stretching deeper into the AI stack and capital structure, from multi‑billion‑dollar commitments to Safe Superintelligence and Hut 8’s Texas campus to closer...

Nvidia (NVDA) Reportedly Anchors Hut 8’s (HUT) $19.6 Billion AI Lease Bet
Insider Monkey13d agoneutral
Nvidia (NVDA) Reportedly Anchors Hut 8’s (HUT) $19.6 Billion AI Lease Bet

Nvidia Corporation (NASDAQ:NVDA) is reportedly the previously unnamed customer behind Hut 8 Corp.’s (NASDAQ:HUT) Beacon Point data center leases in Texas. The Financial Times identified Nvidia as the tenant on July 28, citing five people familiar with the arrangement. Nvidia discussed its work with infrastructure partners but neither confirmed nor denied that it was the […]

Nvidia (NVDA) Pours $5 Billion Into Safe AI And Expands Data Center Reach
Simply Wall St.15d agoneutral
Nvidia (NVDA) Pours $5 Billion Into Safe AI And Expands Data Center Reach

Nvidia (NasdaqGS:NVDA) is committing US$5b to Safe Superintelligence, a new AI safety startup led by former OpenAI chief scientist Ilya Sutskever. The company is entering multibillion dollar AI data center lease deals, including a large buildout with Hut 8 in Texas. Nvidia is expanding its Agent Toolkit platform through new partnerships with Synopsys, Siemens, and Cadence to support chip and system design automation. Nvidia sits at the center of AI computing, with its GPUs and software...