Hut 8 and IREN secured multi-billion-dollar AI data center contracts, driving Bitcoin mining stock rallies and signaling a sector-wide pivot

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

IREN shares surged after the company secured $2.8 billion in AI cloud contracts and raised its 2026 revenue target. Strong demand for GPU infrastructure, backed by major clients…