[Hut 8 Secures $9.8 Billion Long-Term AI Data Center Lease, Stock Hits All-Time High] According to Decrypt, Bitcoin mining company Hut 8 announced the signing of a 15-year lease agreement with a high-rated enterprise whose name has not been disclosed. The lease involves providing 352 megawatts of AI data center capacity at its Beacon Point campus located in Nueces County, Texas, USA. The total contract value is approximately $9.8 billion, with annual rent including a 3% escalation clause and three optional 5-year renewals, bringing the maximum total value to approximately $25.1 billion. The campus was originally planned for Bitcoin mining but has since shifted to building AI infrastructure compatible with Nvidia DSX architecture. Driven by the news, HUT's stock surged approximately 33% in a single day, hitting an all-time intraday high of $109.88. Over the past month, the stock has doubled in value.