Hut 8 Shares Trade Near $108 After $9.8 Billion Hyperscaler Lease Deal
2026-07-22 02:40:27
Hut 8 shares traded near $108, up about 128% for the year, after the company signed a $9.8 billion, 15-year lease with an unnamed technology hyperscaler. According to NS3.AI, Chief Executive Officer Asher Genoot said Hut 8’s pivot toward AI infrastructure is benefiting shareholders. American Bitcoin, Hut 8’s separately traded Bitcoin mining subsidiary, has fallen more than 76% in 2026.
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