Hut 8 announced Monday that it had signed a second 15-year lease for 352 megawatts of IT capacity
·2 min read
Compiled by KHAO Editorial
— aggregated from 2 sources + 2 references discovered via search.
See llms.txt for citation guidance.
◎ Multiple-sources
And on Tuesday, IREN Limited signed $2.8 billion in new AI cloud contracts.
Key facts
Top U.S. Bitcoin mining companies, Hut 8, CleanSpark, and MARA, all experienced gains between 3-7% on Thursday, despite a sell-off across other assets
The Bitcoin price was down about 2% Thursday, trading for $64,760
And on Tuesday, IREN Limited signed $2.8 billion in new AI cloud contracts
Top miners Terawulf, IREN, and Cipher Mining all last year signed multi-year HPC contracts with Alphabet Inc.’s Google and Microsoft
Summary
Bitcoin is selling off and so is the stock market, but mining stocks are on a tear. Bitcoin may be slumping, along with the Nasdaq in general, but one technology investment seems to be doing well: publicly-traded mining companies. Top U.S. Bitcoin mining companies, Hut 8, CleanSpark, and MARA, all experienced gains between 3-7% on Thursday, despite a sell-off across other assets. The Bitcoin price was down about 2% Thursday, trading for $64,760. Hut 8 announced Monday that it had signed a second 15-year lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces County, Texas, doubling the site’s tenant to 704 MW of contracted capacity and fully commercializing the campus against its 1,000 MW of utility capacity.