Big dealmaking continues at a rapid clip for AI infrastructure play Hut 8 (HUT).
Hut 8 is developing the data center in Nueces County, Texas, that will be leased by Nvidia (NVDA) as part of a new $35 billion cloud-computing deal between Anthropic (ANTH.PVT) and Nvidia-backed Lambda, according to a new report from the WSJ.
Hut 8 shares rose as much as 4% in premarket trading on Tuesday.
"We have many projects that we are at late stage on," Hut 8 CEO Asher Genoot said on Yahoo Finance's Opening Bid in late August (video above). "We have early-stage [projects] across the whole pipeline. We have 11 that we've disclosed publicly. That doesn't include any behind-the-meter opportunities that we're working on. That doesn't include any M&A opportunities. So we have a ton of projects we're working on."
Hut 8 has a remarkable transformation story, evolving from a bitcoin miner to one of the most important AI data center operators in North America.
#NVIDIA
Hut 8 is developing the data center in Nueces County, Texas, that will be leased by Nvidia (NVDA) as part of a new $35 billion cloud-computing deal between Anthropic (ANTH.PVT) and Nvidia-backed Lambda, according to a new report from the WSJ.
Hut 8 shares rose as much as 4% in premarket trading on Tuesday.
"We have many projects that we are at late stage on," Hut 8 CEO Asher Genoot said on Yahoo Finance's Opening Bid in late August (video above). "We have early-stage [projects] across the whole pipeline. We have 11 that we've disclosed publicly. That doesn't include any behind-the-meter opportunities that we're working on. That doesn't include any M&A opportunities. So we have a ton of projects we're working on."
Hut 8 has a remarkable transformation story, evolving from a bitcoin miner to one of the most important AI data center operators in North America.
#NVIDIA
2 hours ago
