AI Compute Stocks Bounce as Hut 8, IREN Land Billions in New Contracts
2026-07-20 16:20:00
AI compute stocks rebounded after Hut 8 and IREN landed billions in new contracts, easing investor doubts about demand for new data center capacity. The deals helped revive sentiment around the sector, according to CoinDesk, after questions emerged over whether new capacity would be absorbed.
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