Hut 8

HUT

Market cap $12.4B

Hut 8 TodayHUTHut 8$108.98 +8.05 (+7.98%) As of 07/21/2026 04:00 PM Eastern52-Week Range$18.68▼$140.80Price Target$121.26Add to WatchlistWhen artificial intelligence (AI) models scale, they require an astonishing amount of electricity. Silicon Valley can design the fastest chips in the world, but without the physical power grid to turn them on, those chips are completely sidelined.

Asher Genoot, Hut 8 CEO, joins 'Power Lunch' to discuss the company's latest hyperscaler deal, the impact to lower power grids and much more.

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Hut 8 Mining Corp (TSX:HUT, Unlisted (US):HUTMF) shares climbed nearly 12% on Monday after the company announced a second long-term lease agreement for its Beacon Point AI data center campus in Texas, fully commercializing the 1-gigawatt facility and increasing its contracted data center portfolio. The company announced a 15-year lease agreement covering 352 megawatts (MW) of IT capacity with the same high-investment-grade tenant that signed the first phase lease at the campus.

Shares of Hut 8 (NASDAQ:HUT) are surging in Monday morning trading, with the stock up 10% to $100.58 after the energy infrastructure operator announced a second hyperscale AI data center lease that fully commercializes its flagship Texas campus.

U.S. stocks were mixed, with the Nasdaq Composite gaining around 150 points on Monday.

IREN lifts cloud revenue forecast, as it upgrades contracts with AI leaders. Hut 8 lands a new $9.8 billion deal, with room to grow.

IREN stock was gaining alongside Hut 8 as both companies announced big cloud-computing deals.

Hut 8 Corp. (NASDAQ:HUT) shares are trading higher Monday after the company announced it has fully commercialized its 1-gigawatt Beacon Point AI data center campus through a second 352-megawatt IT lease, bringing the campus-level base-term contract value to $19.6 billion.