The long-term deal sparked a rebound in AI compute stocks after investors questioned demand for new data center capacity. Hut 8 shares jumped as much as 14% Monday after the company signed a $9.8 billion, 15-year lease for the second phase of its Beacon Point AI data center campus in Texas. The deal, with the same investment-grade tenant as the first phase, adds 352 megawatts of Nvidia-based AI capacity and fully commercializes the 1-gigawatt site, bringing the tenant’s total commitment to 704…
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