Hut 8 Surges 14% on $9.8 Billion AI Data Center Lease, Lifts Sector

HUT10.35%
NVDA0.36%
According to BlockBeats, on July 20, Hut 8, a Bitcoin mining and AI infrastructure company, announced a $9.8 billion, 15-year AI data center lease with an investment-grade tenant. Hut 8's stock rose as much as 14% intraday. The agreement covers the second phase of the company's Beacon Point AI data center park in Texas, adding 352MW of Nvidia data center architecture-based AI compute capacity and bringing total park rental capacity to 704MW.
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