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Techub News reported, citing Cointelegraph, that Bitcoin mining firm Hut 8 announced the signing of a 15-year AI data center lease worth $7.0 billion, with financial guarantees provided by Google. The company’s stock price rose more than 1% in pre-market trading on Monday. At present, Hut 8’s market value is about $8.6 billion, making it the third-largest publicly listed mining firm. The agreement involves a capacity of 245 megawatts, which is an important step in Hut 8’s strategic transition toward AI infrastructure. Previously, the company primarily focused on Bitcoin mining operations, and its compute power ranking is currently only 17th. Other publicly listed mining firms such as CleanSpark and Core Scientific have also recently announced similar AI transformation plans.