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Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector
Hut 8's stock surged following a $9.8 billion lease for an AI data center, which has boosted the compute sector.
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- Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals
- Hut 8 is fully commercializing its Texas AI data center campus with a second $9.8 billion lease
- Hut 8 fully commercializes 1 GW Texas AI campus with second $9.8B lease as IREN signs $2.8B in contracts; shares climb double digits
- Hut 8 shares jump over 30% on news of $9.8 billion AI data center lease
- Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
- Hut 8 shares soar over 30% after scoring $9.8 billion AI data center deal set to NVIDIA specs