Hut 8 Stock Soars on AI Leases and Nvidia Deal
Hut 8 Corp.'s stock surged by 7.82% on August 20, 2026, following upbeat sentiment around its Bitcoin mining growth prospects.
The company has fully commercialized its 1 GW Beacon Point AI campus with a second 15-year, $9.8B lease, bringing contracted capacity there to 704 MW.
Hut 8 has also secured long-term Nvidia leases for the entire 1-GW Texas data center, with options totaling up to $50B over 30 years.