Hut 8 seals second $9.8B AI lease, IREN signs $2.8B contracts – shares surge double digits

Hut 8 has fully commercialised its 1 GW Texas AI campus by signing a second lease worth $9.8 billion. Simultaneously, IREN announced $2.8 billion in contracts. Shares of both companies jumped double digits as the bitcoin-to-AI data centre pivot continues to accelerate across the sector.