Hut 8 Adds 352 MW AI Lease, Sells Bitcoin to Fund Buybacks
Hut 8 says a second 352 MW lease fully commercialises its Beacon Point AI campus, bringing expected aggregate base-term contract value across its AI data-centre portfolio to about $26.6 billion. It also sold Bitcoin to fund share repurchases.
TL;DR: Hut 8 says it fully commercialised its Beacon Point AI campus with a second 352 MW lease, taking expected aggregate base-term contract value across its AI data-centre portfolio to about $26.6 billion. The company also sold Bitcoin to fund share repurchases, showing how mining-era assets are…