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Key facts: Hut 8 Signs 15-Year 352MW Lease; Disputes PJM Costs, Q1 Loss

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Jul 22, 2026 at 07:14 AM
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Hut 8 (HUT) signed a 15-year, 352 MW IT lease with a hyperscaler at Beacon Point, doubling campus capacity to 704 MW and assigning the lease a $9.8B value; stock saw its best week in months. 1Hut 8 (HUT) disputed claims linking PJM data centers to $6.3B in higher bills, said developers cover upgrades. Q1 2026 showed a net loss; AI revenue may be delayed to 2027. 2

  • Hut 8 (HUT) signed a 15-year, 352 MW IT lease with a hyperscaler at Beacon Point, doubling campus capacity to 704 MW and assigning the lease a $9.8B value; stock saw its best week in months. 1
  • Hut 8 (HUT) disputed claims linking PJM data centers to $6.3B in higher bills, said developers cover upgrades. Q1 2026 showed a net loss; AI revenue may be delayed to 2027. 2

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