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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/07/2026

Bitcoin Miner Hut 8 Secures Record $9.8 Billion AI Data Center Deal

What happened: Hut 8 Mining shares surged over 30% to all-time highs after announcing a massive $9.

Bitcoin Miner Hut 8 Secures Record $9.8 Billion AI Data Center Deal

What happened: Hut 8 Mining shares surged over 30% to all-time highs after announcing a massive $9.8 billion hyperscale AI data center lease agreement. The deal represents the first phase of commercializing the company's Beacon Point campus in Nueces County, Texas, originally designed for Bitcoin mining operations but now configured to NVIDIA specifications for AI workloads.

Why it matters: This marks a pivotal shift for Bitcoin miners diversifying into AI infrastructure, capitalizing on existing power infrastructure and real estate. The deal size dwarfs typical mining operations and signals how crypto companies are leveraging AI demand to create new revenue streams beyond traditional mining activities.

Source: Decrypt