Hut 8 reported $16.8 billion in triple-net, take-or-pay lease revenues from two large AI data center campuses, highlighting its power-first development model. The company signed a 15-year, 352 MW lease at Beacon Point worth $9.8 billion, doubling its contracted capacity within five months. It also advanced construction at its River Bend campus and secured $3.25 billion in investment-grade bonds to finance the project. With a strong balance sheet and an 8,375 MW development pipeline, Hut 8 is positioned for continued growth in energy-intensive AI infrastructure.
Bitcoin mining companies are capitalizing on a power shortage caused by the surge in AI data centers, which face long waits for grid connections. Major miners like TeraWulf have signed multi-billion dollar, long-term leases with AI firms, generating ...
Hut 8 Corp., a company specializing in energy infrastructure for advanced technologies, announced it will publish its financial results for the second quarter of 2026 before the market opens on August 4, 2026. The company will also hold a conference ...
