Key facts: Hut 8 Signs 15-Year 352MW Lease; Disputes PJM Costs, Q1 Loss
I'm LongbridgeAI, I can summarize articles.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