Hut 8 Announces $27 Billion in AI Data Center Contracted Revenue and Expands Share Buyback to $1 Billion
Hut 8 Corp. (HUT) has reported significant progress in its pivot toward AI infrastructure, revealing that it has contracted 949 megawatts of IT capacity under long-term leases with investment-grade companies. These contracts represent approximately $27 billion in projected revenue, signaling a major shift toward high-value data center services. The company also provided updates on its Beacon Point project, anticipating a full gigawatt energization path with 700 megawatts expected to come online in Q1 2027. Additionally, Hut 8 has expanded its share buyback authorization to $1 billion, demonstrating confidence in its long-term capital position and shareholder return strategy.
Tickers: $HUT
Topics: AI Data Centers Contracted Revenue Energy Infrastructure IT Capacity
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Part of the story Hut 8 anticipates Beacon Point’s full gigawatt energization path with 700 megawatts expected in Q1 2027 while expanding buyback authorization to $1B (2 articles)