Hut 8 shares jump 30% after $9.8B AI data center lease

Hut 8 shares jumped more than 30% after the company signed a $9.8 billion lease for the first phase of its Beacon Point AI data center campus in Texas. Hut 8 said the campus is designed to NVIDIA’s compute architecture, and the lease could be worth more than $25 billion if all renewal options are exercised. Hut 8 also reported a first-quarter net loss of $253 million on $71 million in revenue.

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