🟢 Hut 8 is trading 4.3% up today after landmark $9.8 billion AI lease

Hut 8 is trading 4.3% up at $105.16, extending a sharp rally following a major AI infrastructure deal.

• The company secured a $9.8 billion, 15-year lease for the second phase of its Beacon Point AI data center campus in Texas, which fully commercializes the site.
• The agreement is estimated to underpin a $50.2 billion long-term revenue opportunity for the firm.
• Shares are also benefiting from broader upward momentum across the technology and cryptocurrency markets.