Hut 8 Secures $9.8B AI Data Center Lease | Bitcoin and Crypto News

Hut 8 just sealed a $9.8 billion, 15-year lease for the second phase of its Beacon Point AI data center in Texas, locking in 352MW of Nvidia-powered computing — bringing total tenant commitment to 704MW. This massive deal, from the same key tenant as Phase 1, delivers a powerful shot in the arm for the AI infrastructure market, calming investor nerves amid recent doubts about demand. The $19.6 billion total commitment across both phases signals sustained, long-term AI compute demand — and sent ripples of confidence through the sector, lifting peers like IREN, Cipher Mining, and TeraWulf. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/34845ddbf8557355