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via The Block · By The Block Editorial

Hut 8 shares soar over 30% after scoring $9.8 billion AI data center deal set to NVIDIA specs

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The Block Editorial

(01:40 PM UTC)

1 min read

Verified byEmily Watson

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Hut 8 Corp.'s shares jumped over 30% in pre-market trading as the company inked a $9.8 billion lease tied to an artificial intelligence data center campus designed to NVIDIA's compute architecture.

The deal marks the first phase of Hut 8's commercialization of its Beacon Point data center campus in Nueces County, Texas. Hut 8 said its unnamed tenant will use the compute infrastructure to support…

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