Hut 8 has fully commercialized its Beacon Point AI data center campus, signing a major lease that brings its AI data center contract value to $26.6 billion. The company expanded its energy capacity under exclusivity by 1,300 MW to 3,180 MW and secured a $1.07 billion revolving credit facility to support growth without diluting shareholders. It also repurchased $250 million in shares, funded by Bitcoin sales, and increased its total repurchase authorization to $1 billion. Hut 8 aims to deliver initial data halls by 2027 and 2028, advancing its position in energy-intensive AI infrastructure with strong financial backing and diversified projects.
Hut 8 Corp shares are trading at USD 57.47 on Pluang as of Nov 04, 2026 18:41 WIB, down 9.85% in the last day. Despite the recent drop, the stock maintains a market cap of $7.83 billion and strong order activity with 80% of trades being buys. This trading activity occurs alongside the company’s announcement of a $26.6 billion AI data center contract value and significant expansion in energy capacity.
