Hut 8 sells 3,100 BTC to buy back shares; AI business expected contract value rises to $26.6 billion.

Hut 8 sold approximately 3,100 BTC to fund share buybacks. Of these, 954 BTC were used for buybacks in the third quarter, amounting to $74.7 million; and 2,100 BTC were used for buybacks after the quarter, amounting to $175.3 million, bringing the total buyback authorization to $1 billion. The second 352 MW lease commercializes the Beacon Point AI campus, bringing the expected contract value of Hut 8's AI portfolio to approximately $26.6 billion, with the first data hall expected to be delivered in the second quarter of 2027.