Hut 8 AI rent one data centre for $9.8B for Texas, shares jump almost 30%

Di lease wey Hut 8 do for im Beacon Point campus for Nueces County, Texas na 15-year triple-net deal wey dem pay upfront US$9.8 billion. E cover 352 MW IT capacity for one “investment-grade” tenant and get 3% rent increment every year. If Hut 8 use dia three 5-year renewal options, contract value fit rise to US$25.1 billion. When everything full dey operate, the Hut 8 AI data center lease dey projected to generate about US$655M yearly revenue. The project dey target initial energization for Q1 2027 and delivery of di first data hall for Q3 2027. Dem build am using NVIDIA DSX reference architecture, and Beacon Point partners include American Electric Power, Vertiv, and Jacobs. Na Hut 8 second commercialized AI campus under dia greenfield “power first” model, after River Bend for Louisiana. Market react well; stock jump almost 30% when dem announce am. For crypto traders, the lease show say dem dey shift from Bitcoin mining to longer-duration AI infrastructure cash flows. That one fit help reduce miner earnings volatility wey de tie to BTC price swings, although e no likely to immediately drive spot BTC demand. For Q1 2026, Hut 8 report US$71M revenue but net loss US$253.1M, mainly from US$295.7M unrealized digital-asset losses, and dem talk say dem get about US$1.3B combined cash and bitcoin reserves as of March 31. Bottom line: the lease improve outlook for steadier, power- and AI-linked revenue, wey fit small small stabilize general crypto-miner sentiment instead of directly moving BTC short-term.