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⚡ Hut 8 has signed a lease agreement for the Texas Beacon Point campus with an anonymous tenant for $9.8 billion.
The facilities are planned to be used for training neural networks based on NVIDIA architecture. If all renewal options are exercised, the contract value will exceed $25 billion.
The company's shares increased by more than 35%.
For the first quarter of 2026, Hut 8's net loss was $253 million compared to $134 million a year earlier. Revenue reached $71 million — almost entirely from computing services. At the end of the period, the company had cash and Bitcoin worth $1.3 billion.