Hut 8 sees shares rise after signing $9.8 billion data center lease in Texas

Hut 8 signed another 15-year lease worth $9.8 billion on Monday to fill the remaining capacity at its 1-gigawatt Beacon Point data center campus in Texas, with the company’s shares rising by about 5% in premarket trading as a result. The lease is expected to cover 352 megawatts of capacity. The megawatt has become a...