Hut 8 Surges 35%, Riot Platforms Climbs 13% as Bitcoin Miners Pivot to AI Infrastructure
Shares of Hut 8 (NASDAQ:HUT) surged 35% and Riot Platforms (NASDAQ:RIOT) climbed 13% after both companies secured long-term leases for their data centers, transitioning from Bitcoin mining toward hyperscale AI infrastructure. The shift is driven by higher revenue potential in the AI sector compared to traditional mining operations.
Topics: AI infrastructure Bitcoin mining transition hyperscale data centers real estate leasing