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Wajeeh Khan

HUT Stock Alert: Hut 8 Signs $9.8 Billion Lease for AI Data Center

HUT Hut 8 AI Bitcoin

Hut 8 (HUT) shares exploded higher on May 6 after management announced a massive $9.8 billion lease agreement for its Beacon Point data center campus in Texas. 

The firm’s total contracted artificial intelligence (AI) data center capacity now stands at 597 MW, with an aggregate base-term contract value of nearly $17 billion. 

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