Hut 8 fully commercializes 1 GW Texas AI campus with second $9.8B lease as IREN signs $2.8B in contracts; shares climb double digits

The Block·

Hut 8 fully commercializes 1 GW Texas AI campus with second $9.8B lease as IREN signs $2.8B in contracts; shares climb double digits

60-second summary

Hut 8 fully commercializes its 1 GW Texas AI campus with a second massive $9.8 billion lease, while IREN signs $2.8 billion in contracts, driving shares up by double digits.

Hut 8 and IREN shares climb on fresh AI data center deals worth billions as the bitcoin-to-AI pivot continues to accelerate.