News

Hut 8 Corp (HUT) reports 81% revenue growth and secures major investment-grade financing, despite a non-cash GAAP net loss from Bitcoin's decline.

At the top of today’s show, we cover Cipher Digital and Hut 8’s Q2 earnings, plus updates on their AI data center builds.

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

The president of American Bitcoin (NASDAQ: $ABTC) has resigned from the cryptocurrency mining firm.

Hut 8 (HUT) delivered earnings and revenue surprises of +48.00% and -0.12%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Given historical rebound patterns and attractive valuations, analyst Nick Giles said the recent selloff in HPC-linked mining stocks was overdone.

Prusak announced the appointment as American Bitcoin prepares to install Paul Sacks as interim finance chief on August 4.

Compute is getting more valuable, and Iren's cautious approach toward dealmaking may reward it in the long run.

Hut 8's proposed 500 MW Logan Prairie data center — a $5 billion project in Illinois — hit another permitting wall when the Village of Latham canceled its August 3…

Welcome back to The Blockspace Podcast! For our lead story today, we cover how zoning for Hut 8’s $5B, 500 MW data center in Illinois has been stalled as a…

The $5 billion Logan Prairie project remains pending after village officials determined the annexation and rezoning request lacked enough votes to pass.

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 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 […]

Chime Financial, Inc. (CHYM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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...

Ionic Digital Inc. (NASDAQ: $IOND) surged more than 25% from its opening price during Tuesday’s Nasdaq debut,...

The reported commitment involves Hut 8's one-gigawatt Beacon Point AI campus and could include leases extending beyond an initial 15-year term.

Hut 8 (HUT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Nvidia (NVDA) signed leases worth up to $50 billion for the entire 1-gigawatt data center facility t

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...

(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

Bitcoin (CRYPTO: $BTC) has outperformed stocks over the past week despite rising market volatility caused by corpor...

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.

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.

Bitcoin miners expanding into AI and data center infrastructure also moved lower despite fresh bullish commentary from Wall Street.