Hut 8 secured a $9.8 billion, 15-year lease for 352 megawatts of AI infrastructure at its Beacon Point campus in Texas, doubling the tenant's total leased capacity there to 704 MW. This deal highlights a trend where bitcoin miners are pivoting from mining hardware to long-term AI data center contracts, turning power assets into steady revenue streams. Hut 8 plans to energize the new AI factory by Q1 2027 and deliver it by Q2 2028, expanding its AI portfolio to 949 MW. The lease includes a 3% annual rent increase and is expected to generate about $655 million in annual net operating income after stabilization, reinforcing Hut 8's strategy to monetize power capacity over hardware alone.
Nvidia has surpassed Apple in the holdings of every S&P 500 index fund, reflecting a significant change in investment trends within these funds. This shift highlights growing investor confidence in Nvidia's growth potential and the tech sector's evol...
D.E. Shaw & Co. disclosed a new $912 million position in SpaceX following its June 2026 IPO, acquiring 5.34 million shares. Simultaneously, the firm reduced its Broadcom holdings by 58.3%, trimming 3.8 million shares but retaining over $1 billion in ...
The AI revolution has boosted the semiconductor sector, but rising capital expenditures by hyperscalers are causing investor concerns. Despite this, hyperscalers may cut costs by using more efficient AI chips or investing in R&D rather than slowing A...
Illumina reported strong Q2 2026 results, surpassing earnings per share and revenue expectations. The company raised its full-year guidance for both earnings and revenue, highlighting robust profitability and cash flow. Management emphasized ongoing ...
Grey Matters Health has obtained a key radioactive materials licence in Florida, enabling it to open its first US brain-scanning clinic in Davie by September 30. The clinic will feature a new PET brain scanner that uses 25% less radiation and allows ...
