Hut 8 Enters $9.8B+ Lease for 15 Years to Supply Computing Power to Major Firm at Texas Campus (Dina Bass/Bloomberg)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 53 minutes ago
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Source: Techmeme
Hut 8's Lease Agreement: Hut 8 Corp has signed a lease agreement valued at over $9.8 billion for a 15-year term to provide computing power to a high-investment-grade company at its Nueces County, Texas campus.
Shift to AI Development: The cryptocurrency miner is transitioning from mining operations to developing artificial intelligence data center capacity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
