CoinDesk·3 min read·medium
Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector
K
Krisztian Sandor
✦AI Summary
Hut 8 has secured a $9.8 billion AI data-center lease, fully commercializing its 1-gigawatt Beacon Point campus. The news triggered a rally in the high-performance compute sector, with several peers seeing significant stock gains.
The agreement, signed with the same investment-grade tenant that leased the first phase of the project, fully commercializes the 1-gigawatt campus. Hut 8 will build another 352 megawatts (MW) of AI computing capacity based on Nvidia's data center architecture, bringing the tenant's total contracted capacity at the site to 704 MW.
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