Hut 8 Announces New Data Centre Lease Agreement, Stock Rises 11%
Hut 8's stock rose 11% after the company announced a $9.8 billion U.S. lease agreement for its Texas data centre campus over 15 years with an unnamed high-investment-grade tenant. The deal doubles Hut 8’s contracted computing capacity to 704 megawatts and fully commercializes its one-gigawatt facility, increasing the potential contract value up to $50.2 billion U.S.
Tickers: $HUT
Topics: A.I. data centre lease Hut 8 stock price rise