Hut 8 Shares Surge After Signing $9.8 Billion AI Data-Center Lease Deal

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Bitcoin miner and infrastructure firm Hut 8 has secured a major long-term lease agreement valued at $9.8 billion for AI data-center capacity. The announcement triggered a notable rally in Hut 8's stock price, with positive momentum spreading across the broader AI compute sector. The deal came at a time when investor confidence in data center demand had been wavering, raising questions about the pace of new capacity buildout. The lease appears to have reassured markets that appetite for AI infrastructure remains strong. The development signals continued institutional commitment to large-scale AI computing resources.

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