Hut 8

American Bitcoin reported a second-quarter loss due to Bitcoin's price decline but increased its Bitcoin holdings from 7,021 to 8,002 coins, boosting its reserve to over $510.6 million. The company's stock rose over 5% following the announcement of its highest quarterly production on record.

The Trump Family's American Bitcoin surpassed 8,000 BTC following a record mining quarter. The Hut 8 subsidiary increased its Bitcoin holdings by 14% in the second quarter despite Bitcoin's price decline.

Bitcoin's price decline and broader market sell-off contrast with rising mining stocks like Hut 8, CleanSpark, and MARA, driven by AI-related compute contracts. Companies are pivoting from Bitcoin mining to high-powered computing for AI demand amid reduced cryptocurrency profitability.

Investment bank Benchmark raised its price target for Bitcoin miner Hut 8 following a $9.8 billion 15-year AI data center lease. The deal, which doubles Hut 8’s contracted capacity at its Texas campus, validates the company’s 'power-first' approach to AI infrastructure and could generate $655 million annually. Hut 8’s stock rose over 10% on the news as it joins a trend of Bitcoin miners pivoting to AI and high-performance computing.

Benchmark has raised its price target for Hut 8 by 18%, labeling the company a 'power-first data center REIT'. The new target implies a 75% upside, as Hut 8 shares have already increased nearly 120% year to date.

Bitcoin miner Hut 8's shares rose over 10% after announcing a $9.8 billion 15-year AI data center lease, with potential contract value reaching $50.2 billion. The company is expanding its Texas campus to 704 MW and has partnered with Google, Anthropic, and Fluidstack for AI infrastructure.

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.

Hut 8 fully commercializes its 1 GW Texas AI campus with a second $9.8 billion lease, while IREN signs $2.8 billion in contracts, leading to double-digit share price increases for both companies.

Hut 8's stock surged following a $9.8 billion lease for an AI data center, which has boosted the compute sector.

Hut 8 is expanding its Texas AI data center campus through a second $9.8 billion lease, doubling an existing tenant's contracted capacity to 704 MW at the 1 GW Beacon Point campus under a 15-year agreement.

Benchmark raised Hut 8's target to $165, citing $16.8 billion in AI data center contracts and Beacon Point commercialization.

Benchmark has raised its price target for Hut 8 to $165 as the company's shift toward AI is redefining its valuation.

Louisiana Gov. Jeff Landry announced a major data center expansion by Meta in Richland Parish, increasing investment to up to $50 billion and creating thousands of jobs. The project, part of Louisiana's strategy to lead in AI infrastructure, includes tax incentives for Meta and other companies like Amazon and Hut 8, with projects in historically underserved areas.

Louisiana's economy grew 2.9% in the first quarter of 2026, outpacing the national GDP rate of 2.1%, driven by industrial construction and major projects like Meta’s $27 billion data center and Amazon’s $12 billion data centers. The state gained 17,000 jobs in the past year, but rising costs from tariffs, inflation, and insurance remain challenges for residents and small businesses.

American Bitcoin Corp (ABTC), a Trump-backed subsidiary of Hut 8 Corp, increased its bitcoin treasury to over 8,000 BTC, a 50% rise from 5,401 BTC at the end of 2025. The growth stems from mining operations and treasury purchases, with a 30% increase in holdings during Q1 2026. The company also executed a 1-for-15 reverse stock split and expanded mining capacity in Alberta.

A new supplemental compensation program has been established through an agreement between Hut 8 and West Baton Rouge Parish, providing funding to eligible employees. Qualifying employees of the parish will receive compensation under the terms of the arrangement.

Hut 8 agreed to pay $2.35 million to settle a securities class action lawsuit over disclosure claims related to its 2023 merger with U.S. Bitcoin Corp. The settlement addresses investor allegations tied to the merger's financial disclosures.

Hut 8 will pay $2.35 million to settle a lawsuit related to a U.S. Bitcoin merger. The settlement addresses claims from investors over the merger.

West Feliciana Parish is set to receive a $10 million advance from Hut 8 on future PILOT payments, providing local agencies with funds a year before scheduled annual payments begin.

Bitcoin miners and AI infrastructure expansion drive stock gains, with Cipher and Hut 8 reaching fresh highs. IREN climbed 10% after announcing a major AI infrastructure expansion linked to Dell.

Applied Digital Corp. plans to build a $3.6 billion AI data center campus, Delta Forge 1, in Rapides Parish, Louisiana, creating 200 full-time jobs and over 1,000 temporary construction jobs. The project, spanning 300 acres in Boyce, will include two facilities requiring 300 megawatts of electricity from Cleco and is set to begin operations in mid-2027 under a tax-exempt agreement via Act 730.

Hut 8 is investing in a water system expansion in Louisiana, which is tied to the development of its River Bend AI data center campus. The investment will support the company's long-term AI infrastructure business. Hut 8 is a Bitcoin miner.

Hut 8 investors are optimistic despite a Q1 loss, with the company's stock surging 33%. The company has also announced a new AI energy leasing deal to diversify into high-performance computing applications.

Hut 8's shares jumped over 30% after announcing a $9.8 billion AI data center lease. This significant increase indicates a substantial investment in AI infrastructure. The deal is expected to drive growth and innovation for Hut 8.

Hut 8's shares have reached an all-time high price after signing a $9.8 billion lease for an AI data center. The lease is for the first phase of a complex in Nueces County, originally intended for Bitcoin mining. Hut 8 has secured a significant deal for its hyperscale AI campus.

Hut 8's shares have increased by over 30% after securing a $9.8 billion deal for an AI data center that meets NVIDIA specifications. The deal is part of the first phase of commercializing Hut 8's Beacon Point data center campus in Nueces County, Texas. This project marks a significant milestone for Hut 8.

Hut 8 has replaced its Coinbase loan with a FalconX deal, reducing borrowing costs as it invests heavily in AI technology. This move is expected to have a significant impact on Hut 8's financials. The company is betting big on artificial intelligence.

Hut 8 refinanced a Bitcoin-backed loan with a $200M FalconX deal, lowering its fixed interest rate to 7% and releasing about 3,300 BTC from collateral restrictions. This deal is related to Bitcoin mining. The facility is now more favorable for Hut 8.

Hut 8 is issuing bonds to finance a data center linked to Google. The funding aims to support the development of this technology infrastructure project.