On September 11, Hut 8 Mining Corp rose 5.15% in regular trading, reaching $95.0 per share, with turnover of approximately $34.58 million. Multiple catalysts continued to fuel bullish sentiment around the stock.
On the news front, Anthropic recently signed a $35 billion cloud computing agreement with NVIDIA-backed cloud provider Lambda, with the underlying data center being Hut 8's Beacon Point campus in Nueces County, Texas. NVIDIA had previously signed two 15-year leases with Hut 8 covering 704 MW of IT capacity, with a base contract value of $19.6 billion and renewal options potentially lifting the total to $50 billion over 30 years.
Separately, Hut 8 advanced its business restructuring by divesting its legacy Canadian managed hosting operations to Opti9 Technologies, including the transfer of 10 team members, while retaining ownership of its Canadian data centers and continuing to operate GPU and high-performance computing services. This strategic repositioning underscores Hut 8's pivot toward AI and large-scale infrastructure development.
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