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The Economic Times
The Economic Times
Technology

Hut 8 signs $9.8 billion AI data centre lease, fully commercialises Texas campus

Hut 8, a crypto-mining turned AI data centre company, said ​on Monday it has ​signed a second 15-year lease worth $9.8 billion with an ​existing investment-grade customer, fully commercialising its 1-gigawatt Beacon Point campus in Texas.

Shares of the company, which have nearly doubled this year, rose about 5% in premarket ‌trading.

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