The long-term deal sparked a rebound in AI compute stocks after investors questioned demand for new data center capacity.

July 20 : Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer,…

Hut 8 signed a $9.8 billion, 15-year lease for its Beacon Point AI data center in Texas, sending HUT shares up over 30% as the former Bitcoin miner pivots