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Nvidia has signed leases worth up to $50 billion for a data center in Texas that Hut 8 is building, the Financial Times reported on Tuesday, citing five people familiar with the deal. Reuters could not immediately verify the report. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sonia Cheema)
Nvidia has signed leases worth up to $50bn for a massive Texas data centre, a previously undisclosed commitment that shines a new spotlight on...
Covered miners fell an average 32% from their June highs as investors stopped crediting future colocation deals. KBW sees better value among proven lease signers but is more cautious about…
(Bloomberg) -- The implosion of the once-hot market for cryptocurrency treasury stocks is prompting a number of firms to pivot to artificial intelligence in an attempt to win back investors. So far, it isn’t working. Most Read from BloombergDeepSeek Suspends Fundraising After Viral US-China PostsUS, Iran Extend Pause in Strikes as Oman Holds Hormuz TalksSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOStocks and Bonds Rall
Mark Cuban thinks AI's infrastructure frenzy is setting up investors for a painful reckoning, and one $100 billion mega-campus in Utah is already discovering what happens when ambition collides with state politics, a shrinking lake, and a defamation lawsuit.
Investing.com -- Morgan Stanley initiated coverage of bitcoin miners turned AI infrastructure providers, arguing that companies with large, grid-connected power assets are well positioned to benefit from surging demand for AI data centers as hyperscalers race to secure electricity for compute expansion.
The bank says existing grid connections give former mining sites a valuable speed advantage as AI developers compete for scarce power.
The analyst expects Beacon Point to drive $1.8 billion of revenue and $1.1 billion of adjusted EBITDA in 2028, while construction and delivery remain the central risks.
Investing.com - U.S. stock index futures pointed lower on Thursday as investors digested another round of technology earnings and monitored escalating tensions in the Middle East that pushed oil prices back above $98 a barrel, renewing concerns over inflation and global growth.
Wall Street brokerage Benchmark remains bullish on Hut 8 (NASDAQ: $HUT) stock.
The new 352 MW agreement doubles contracted capacity at the Texas campus, prompting higher 2028 revenue and adjusted EBITDA forecasts as Hut 8 expands beyond bitcoin mining.
Hut 8 fully commercializes Beacon Point's second phase, securing $19.6 billion in contracted AI data center revenue and projecting $1.31 billion in annual NOI.
Hut 8 stock is up more than 19% this week after it announced the commercialization of the second phase of its one-gigawatt Beacon Point data center campus.
Hut 8 stock is up 202% in 2026 on AI hyperscaler deals, but its bitcoin mining spinoff keeps losing value.
Earlier this week, Hut 8 Corp. announced the commercialization of the second phase of its one-gigawatt Beacon Point AI data center campus in Texas through a second 15-year triple-net lease for 352 megawatts of IT capacity with a high-investment-grade tenant, bringing total base-term contract value at the site to US$19.60 billion. This deal fully contracts Beacon Point’s 1,000 megawatts of utility capacity and converts the campus into Hut 8’s first fully commercialized AI-focused data center,...
Hut 8 stock has delivered a very strong 373.0% return over the past year, yet its valuation checks currently lean expensive rather than pointing to a clear bargain. Over the last 12 months, Hut 8 is up 373.0%. This puts recent enthusiasm for the stock front and center in any valuation discussion. Investors are weighing growth potential tied to large data center projects, such as the planned West Feliciana facility and a major Texas lease, against execution risks and the capital intensity...
Hut 8 (HUT) is back in focus after the company fully commercialized its Beacon Point AI data center campus in Texas through a new 15-year, multibillion-dollar lease with an investment-grade tenant. See our latest analysis for Hut 8. Hut 8 has seen sharp swings, with a 10.37% 1 day share price return following the Beacon Point announcement, a year to date share price return of 96.86%, and a very large 1 year total shareholder return of 372.96%. This suggests momentum has been rebuilding after...
A policy vote in Washington, a Bitcoin breakout, and a surprise AI angle are pulling crypto stocks in three different directions at once, and not all of the momentum points to the same trade.
IREN stock jumped nearly 20% after $2.8 billion in new AI cloud contracts pushed 2026 revenue targets above $4 billion, accelerating its shift from Bitcoin mining to AI infrastructure.
According to a Stocktwits poll featuring 3,800 respondents, Oracle and Iren were favored over Hut 8 and Bloom Energy stocks.
Hut 8 (NasdaqGS:HUT) has fully commercialized the second phase of its one-gigawatt Beacon Point AI data center campus in Texas. The company signed a 15-year lease for additional IT capacity with a high-investment-grade tenant, establishing Beacon Point as its first fully commercialized AI data center campus. This development expands Hut 8's AI infrastructure footprint and introduces a long-duration contract structure tied to the new capacity. Hut 8 enters this AI infrastructure milestone...
Hut 8 Corp. surged by 10.37 percent on Monday to end at $100.93 apiece, as investors took heart from the $50.2-billion revenue potential of its Beacon Point data center campus in Texas. This followed the inking of a new leasing agreement with an existing tenant for the second phase of the campus, covering 352 MW […]
CleanSpark saw its share price jump by 10.67 percent on Monday to finish at $14.42 apiece, as investor optimism was fueled by the aggressive expansion of artificial intelligence players with a series of multi-billion-dollar leasing deals. Multi-Year Deals On Monday, its counterpart, Hut 8 Corp., clinched a new $9.8-billion leasing deal with an existing high-investment-grade […]
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