According to The Block, Hut 8 Corp.'s shares jumped 34% to $107.87 in pre-market trading today after the company signed a $9.8 billion lease for an artificial intelligence data center campus in Nueces County, Texas, designed to NVIDIA’s compute architecture. The deal represents the first phase of Hut 8’s Beacon Point campus commercialization, with an unnamed tenant using the infrastructure for AI training and inference workloads at hyperscale. If all renewal options are exercised, the lease could be worth over $25 billion. Hut 8 also reported first-quarter 2026 results, with quarterly revenue rising to $71 million from $22 million year-over-year, driven primarily by $66 million in compute-related revenues.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump fires at Iran: If it refuses a peace agreement, it will be “bombed more aggressively,” oil prices fall 6%, and US stocks rise together
Trump on Truth Social warned that if Iran refuses the peace agreement, he will restart military strikes against Iran at a higher intensity; he also said he is optimistic about the progress of the talks. The draft negotiation terms include Iran temporarily pausing uranium enrichment, lifting sanctions, and easing access through the Strait of Hormuz. Both sides would halt armed conflicts starting from 4/7, and issue a one-page memorandum within 48 hours in response. Market reaction: oil prices fell by about 6%, while stocks and bonds rose together, as investors bet the deal will take shape; if the talks break down, oil prices are expected to bounce back.
ChainNewsAbmedia10m ago
Saylor backtracks, may sell BTC to pay dividends: Strategy’s Q1 loss is $12.5 billion
Strategy (formerly MicroStrategy, Nasdaq: MSTR) announced its 2026 Q1 financial results on May 5—driven by BTC’s price dropping to $62k at one point in February. The company recognized $14.46 billion in unrealized impairment; Q1 recorded a net loss of $12.54 billion. CEO Michael Saylor made his first hint during the earnings call: he may sell some BTC to fund a special-stock dividend. CoinDesk reported, citing Saylor’s exact words: “We will probably sell some bitcoin to pay a dividend just to i
ChainNewsAbmedia14m ago
Hut 8 signs a $9.8 billion AI data center deal for a 15-year lease; the stock surges 36% pre-market
Hut 8 announced that Texas’s Beacon Point has leased the initial phase of its 1GW AI data center for 352MW, with a 15-year term and a base lease value of $9.8 billion, including 3% annual increases and three optional five-year renewals. If all options are exercised, the contract value could reach about $25.1 billion. The tenant is a high-investment-grade customer; the name has not been disclosed yet. The deal shows Hut 8’s transition from a miner to an AI infrastructure provider. Beacon Point uses the NVIDIA DSX architecture, starts with 352MW, is expected to be energized in Q1 2027, and will deliver the initial hall in Q3, with the campus having capacity to expand to 1GW.
ChainNewsAbmedia17m ago
Just announced a partnership with NVIDIA, optical giant Corning targets the optical communication CPO theme, and its stock price surged more than 13.68% during the trading session
NVIDIA and Corning announced a multi-year partnership to significantly expand optical communications capacity in the United States, with 10x growth and more than 50% growth in fiber optic capacity. They will build three advanced plants in North Carolina and Texas, creating over 3,000 high-paying jobs, to supply ultra-large-scale data centers in support of NVIDIA’s AI platform. Corning, a leader in low-loss fiber optics and photonic components, has made this move seen as a milestone for the revival of U.S. manufacturing. The stock price rose more than 13% intraday to $184.16.
ChainNewsAbmedia18m ago
Nvidia Stock Rises 4.58% to $205.50, Market Cap Returns to $5 Trillion
According to Gate, Nvidia's stock price rose 4.58% to $205.50 per share today, with market cap returning to $5 trillion.
GateNews42m ago
XRP ETFs Record $81.59M Inflows in April as Institutional Demand Accelerates
According to market analyst Crypto Patel, XRP ETFs recorded $81.59 million in net inflows during April 2026, with 57.96 million XRP units traded across products. The figure marked XRP's strongest monthly ETF inflow since December 2025. Across the broader US crypto ETF market, total net inflows
GateNews51m ago
