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Hut 8 fully commercializes 1 GW Texas AI campus as deal wins expand
Hut 8 secured a second $9.8 billion lease for the Texas AI campus and IREN signed $2.8 billion in contracts, supporting double digit share gains, according to The Block.
Hut 8 announced the full commercialization of a 1 GW AI campus in Texas, and the company said it secured additional large scale deal activity tied to the project.
According to The Block, Hut 8 also completed a second $9.8 billion lease arrangement for the campus while IREN signed $2.8 billion in contracts as part of the broader roll out.
The Block reported that the new AI data center wins and lease activity helped drive Hut 8 and IREN shares higher, with both stocks climbing by double digits.
The updates underscore momentum behind an ongoing bitcoin-to-AI shift highlighted in the coverage.
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