Hut 8 Surges 35% After $9.8 Billion Texas AI Data Center Lease
Hut 8 shares surged more than 35% on Wednesday, marking the stock’s biggest intraday gain in five years, after the company disclosed a 15-year AI data center lease in Texas with a base-term contract value of $9.8 billion. The agreement covers 352 megawatts at the Beacon Point campus in Nueces County and will provide computing power to an unnamed high-investment-grade company.
Hut 8 said the lease could rise to $25.1 billion if the tenant exercises all three five-year renewal options. The transaction increases the company’s total contracted AI data center capacity to 597 megawatts, with aggregate base-term contract value of about $16.8 billion and average annual NOI of roughly $1.1 billion.
From the sources (10 posts)
@businessHut 8, a cryptocurrency miner that is shifting to developing AI data center capacity, has signed a lease worth at least $9.8 billion
@matthew_sigel🚨$HUT +25% pre-market >Announces $9.8B, 15-year triple net lease with high-investment grade tenant >Phase 1 engineered to NVDA specs >VRT, JEC provide engineering and program management >Lease extension to 30 years would bring t
@techmemeCrypto miner Hut 8 signs a lease worth $9.8B+ over 15 years to provide computing power to a "high-investment-grade company" at its Nueces County, Texas campus (@dinabass / Bloomberg) (Visit Techmeme dot com for the link and full context!)
@wallstengine$HUT signed a 15-year lease worth $9.8B for 352 MW of IT capacity at its Beacon Point AI data center campus in Texas. The deal lifts its contracted AI data center capacity to 597 MW, with first delivery expected in Q3 2027.
@rhouseresearch@kashyap286 - The tenant is specifically labeled "high-investment-grade" (e.g. $AMZN $MSFT $GOOG $META). I doubt they're going bankrupt anytime soon. - Hut8 isn't responsible for buying the GPUs..
@polymarketmoney$HUT signed a 15-year, $9.8B lease for 352 MW of IT capacity at its Beacon Point AI data center campus in Texas. The deal lifts contracted AI data center capacity to 597 MW, with first delivery expected in Q3 2027.
@theblockcoHut 8 shares soar 30% pre-market after scoring $9.8 billion AI data center deal set to NVIDIA specs
@coinmarketcapLATEST: 💰 Hut 8 shares surged over 35% on Wednesday after the company said it signed a 15-year, $9.8 billion AI data center lease in Texas.
@specialsitsnewsHut 8 Corp. $HUT gained the most in five years after signing a lease worth at least $9.8 billion to provide computing power to a “high-investment-grade company.” The agreement may rise to a value of $25.1 billion over 15 years if the tenan
@hut8corpHut 8 has signed a 15-year, 352 MW AI data center lease at its Beacon Point campus with base-term contract value of $9.8 billion and up to $25.1 billion if all renewal options are exercised. Envisioned as a multi-phase, multi-tenant campus