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.
Shopify reported strong Q2 2026 earnings, surpassing analyst expectations thanks to significant growth in AI-driven commerce. AI-driven traffic and orders to Shopify stores tripled year-over-year, boosting confidence in the company's AI innovation. S...
Freightos Limited reported Q2 results surpassing expectations with an EPS of -$0.03 versus -$0.05 expected and record revenue of $7.7 million, driven by a 19% increase in core platform revenue. The company narrowed its adjusted EBITDA loss to $2 mill...
Evercore ISI raised Ross Stores' price target to $276, suggesting a 12.5% upside from its current $245.36 price. The boost reflects strong expectations for Q2, with projected revenues of $6.10 billion (up 10.7%) and earnings per share of $1.92 (up 23...
Uber is expanding its U.S. delivery service by partnering with drone company Zipline to offer autonomous drone deliveries through Uber Eats starting later this year. This collaboration aims to provide customers with orders delivered within 5-10 minut...
NVIDIA's stock has gained over 20% this year, supported by strong Q1 FY2027 earnings that beat estimates and a robust Data Center revenue jump of 92% year-over-year. The company projects continued growth with Q2 revenue guidance of $91 billion and a ...
