STOCKS | Hut 8 Shares Jump 14% After Signing $9.8 Billion Beacon Point Lease

Hut 8 shares rose as much as 14% Monday after the company signed a $9.8 billion, 15-year lease for Beacon Point's second phase. According to NS3.AI, the lease adds 352 megawatts of Nvidia-based AI capacity in Texas. IREN, Cipher Mining, TeraWulf, and the CoinShares Bitcoin Miners ETF also climbed in early trading.