Hut 8 is trading 4% up at $105.00, extending Monday’s rally after the full commercialization of its Beacon Point campus in Texas via a landmark $9.8 billion, 15-year AI data center lease.
- The 15-year agreement marks a significant strategic pivot toward AI infrastructure, fully utilizing the capacity of the company's Texas-based facility.
- The move aligns with broader bullishness in the digital asset space, as Bitcoin and Ethereum gained approximately 1.5–1.75% since the last close, providing additional tailwinds for crypto-related equities.