STOCKS | Hut 8 and IREN Shares Jump on Billion-Dollar AI Infrastructure Deals
2026-07-20 14:27:53
Hut 8 and IREN shares climbed double digits after the Bitcoin miners announced AI infrastructure deals worth $9.8 billion and $2.8 billion. According to NS3.AI, Hut 8 signed a second 15-year lease that fully commercializes its 1-gigawatt Beacon Point campus in Texas. IREN also raised its year-end 2026 AI Cloud annualized run-rate revenue target to more than $4 billion.
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