Hut 8 fully commercializes 1 GW Texas AI campus with second $9.8B lease as IREN signs $2.8B in contracts; shares climb double digits

Hut 8 fully commercialized its 1 GW Texas AI campus with a second $9.8 billion lease. IREN signed $2.8 billion in contracts. Shares of both bitcoin miners climbed double digits as the pivot from bitcoin mining to AI data centers accelerates, driving fresh deals worth billions.