Hut 8 signs $9.8 billion AI data center lease, fully commercializes Texas campus

Hut 8, a former crypto-miner, has secured a significant 15-year, $9.8 billion lease for its Texas data center campus with an existing investment-grade customer, fully commercializing the 1-gigawatt facility. This move highlights the growing trend of bitcoin miners pivoting to AI infrastructure to meet the surging demand for compute resources driven by generative AI.