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A surprise lease announcement just sent one battered energy infrastructure stock soaring 10% while dragging its crypto mining peers along for the ride, even as Bitcoin itself slipped lower.
The second 352 MW agreement completes commercialization of Hut 8’s planned 1 GW Texas campus and lifts its contracted AI data-center capacity to 949 MW.
A second 352 MW lease fully commercializes the Texas campus years before delivery, while KBW sees more contracted capacity than Hut 8’s valuation previously reflected.
The 15-year agreement doubles the tenant’s contracted IT capacity to 704 MW, bringing the Texas campus to $19.6 billion in base-term contract value.
Hut 8 plans to bring a 352 MW Nvidia-powered AI data hall online by 2028, with the fully built-out campus expected to generate $1.31 billion in annual net operating revenue.
The 15-year deal doubles an existing tenant's contracted capacity at the 1 GW Beacon Point campus to 704 MW
IREN and Hut 8 were rising sharply early on Monday as both companies announced more customers were spending on their cloud-computing infrastructure. IREN shares rose 9% in the premarket after it said it had agreed new multiyear cloud contracts with artificial-intelligence developers representing $2.8 billion in total contract value. IREN was previously an Australian Bitcoin miner called Iris Energy before pivoting to AI computing as part of a wave of “neoclouds” building out cloud computing infrastructure.
July 20 (Reuters) - Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully
Hut 8 holds 10,278 Bitcoin worth roughly $665 million and is scheduled to report second-quarter results next month.
Wall Street brokerage Benchmark has raised its price target on the stock of Hut 8 Corp. (NASDAQ: $HUT) as the compa...
The company is aggressively remaking itself from a crypto miner into a digital infrastructure landlord for the AI boom, asking investors to underwrite a high-stakes strategy before the contracts are signed.
Keel Infrastructure, TeraWulf, Hut 8, and Cipher Digital have posted substantial returns this year, with HUT stock outperforming its peers, jumping more than 131%.
IREN Limited (NASDAQ:IREN) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer mentioned the stock and its peers during the episode, as he remarked: How about the small operators? You hear their names all the time. These are more like hybrids between neoclouds and specialized real […]
(Bloomberg) -- American Bitcoin Corp. was built around a simple idea: that owning and mining Bitcoin would be enough to mint money.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsUS Military Launches Strikes on Iran for Second Straight DayGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaInstead, the company co-fou
TeraWulf, IREN, and Hut 8 stocks surge as Bitcoin miners pivot to AI data centers, decoupling their share prices from crypto.
Hut 8 stock has delivered a very strong 389.5% return over the past year, yet its current valuation checks lean expensive rather than pointing to an obvious bargain. Over the last 12 months, Hut 8 has returned 389.5%, which puts extra focus on whether the current price already reflects most of the good news. The pivot toward AI focused data centers and energy infrastructure can support higher long term earnings expectations; however, heavy investment needs and execution risk around this...
Hut 8 (HUT) drew fresh attention after being added to multiple Russell growth benchmarks, a shift that puts the AI focused energy and data center company more squarely on institutional investors’ radar. See our latest analysis for Hut 8. Those index additions come on the back of a sharp move in Hut 8’s stock, with the latest share price at $103.78, a 90 day share price return of 97.08% and a 1 year total shareholder return of 389.53%, even after a recent 7 day share price pullback of...
On 27 June 2026, Hut 8 Corp. (NasdaqGS:HUT) was added to multiple Russell growth and small-cap benchmarks, following its shift toward large-scale AI data center and energy infrastructure operations backed by very large, long-term contracted lease revenues. This inclusion into several Russell growth indexes highlights how Hut 8’s pivot beyond Bitcoin mining is increasingly being recognized by institutional investors focused on AI and high-performance computing infrastructure exposure. We’ll...
Hut 8 is banking on a $7 billion AI data center lease, while Riot Platforms accelerates its high-performance compute push, how do their fundamentals stack up?
Billionaire investor Daniel Loeb‘s Third Point expanded its AI infrastructure portfolio with the addition of Hut 8 Corp.. The company recently pivoted from bitcoin mining to focus on high-performance computing and AI infrastructure. Third Point acquired 869,563 shares in the...
American Bitcoin (NASDAQ: $ABTC) has conducted a controversial reverse stock split to avoid being delisted from the...
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