Hut 8 Misses Q2 Estimates but Locks In $26.6 Billion in AI Data Center Contracts
Hut 8 Corp. missed Q2 estimates but secured 949 MW of AI capacity, $26.6B in contracts, $7.5B financing, and fully commercialized its Beacon Point campus.
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Morgan Stanley Says “Buy the Dip” – RIOT, HUT, APLD
Morgan Stanley initiates coverage on RIOT, HUT & APLD with strong price targets. See massive upside potential of up to +139% as Bitcoin miners turn into AI power providers.
Hut 8 Secures $19.6 Billion Deal, Fully Leasing Entire 1GW Texas AI Data Center
Hut 8 signs major 15-year expansion with existing tenant, fully leasing its 1-gigawatt Beacon Point AI data center in Texas.
Google Guarantees Anthropic’s First Major Data Center Leases in Landmark $35B Deal
TeraWulf, Cipher Digital, Hut 8, and Fluidstack secure major Anthropic leases backed by Google in a landmark $35 billion financing package.
Hut 8 Signs $9.8 Billion AI Data Center Lease in Texas – Bitcoin Miner Fully Becomes AI Landlord
Hut 8 signed a $9.8B deal to build a huge AI data center, shifting from Bitcoin mining to powering big tech AI systems.
Mining's Dark Days: Bitcoin Companies Dump BTC and Pivot to AI to Survive
Bitcoin mining profits have tanked with BTC down ~50% from its 2025 peak. Miners like Core Scientific are selling holdings and shifting to AI to stay alive in tough times.