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Hut 8, IREN deals lift AI-focused Bitcoin mining stocks
Bitcoin miners rallied due to multi-billion-dollar AI infrastructure contracts, highlighting the sector's shift toward data centers and cloud computing. Hut 8 and IREN's deals drove gains for AI-focused Bitcoin mining stocks.
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- Iren’s stock surges as the neocloud lands $2.8 billion worth of new deals
- Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector
- 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
- Benchmark sees ‘long pathway for growth’ in Hut 8, raises target to $165 on $16.8 billion AI data center deals
- ‘Follow the gigawatts’: Bernstein sees upside in several bitcoin miners amid $90 billion in AI data center deals