Welcome to our dedicated page for Hut 8 Mining news (Ticker: HUT), a resource for investors and traders seeking the latest updates and insights on Hut 8 Mining stock.
Hut 8 Corp. reports developments across an energy infrastructure platform that combines power, digital infrastructure, and compute for AI, high-performance computing, and ASIC compute workloads. Company news commonly covers AI data center leases at campuses such as River Bend and Beacon Point, project financing, campus development, and the commercialization of large-scale power and data center capacity.
Updates also address operating and financial results, Bitcoin-backed credit facilities, capital strategy, and compute activity conducted through businesses including American Bitcoin, Highrise AI, and Hut 8 Canada. Recurring disclosures connect the company’s power-first development model with data center cloud, AI cloud, Bitcoin mining, and related infrastructure operations in the United States and Canada.
Hut 8 (Nasdaq, TSX: HUT) reaffirmed its commitment to responsible data center development in Texas following a directive from Governor Greg Abbott to the PUCT and ERCOT focused on grid reliability, local resources, and community impacts. The company stated that the directive’s principles align with its existing development model.
Hut 8 reports approximately 1.5 gigawatts of utility capacity across operational and development sites in Texas, including behind-the-meter projects at King Mountain and Vega. Its Beacon Point AI data center campus in Nueces County is being designed with battery systems to mitigate grid impacts, a closed-loop cooling system using water sourced from outside the county, and planning measures intended to reduce community impacts. Hut 8 highlighted early, ongoing engagement with residents, local officials, educational institutions, and economic development organizations, supported by favorable comments from regional economic, education, and law enforcement leaders about its community partnership approach.
Hut 8 (Nasdaq, TSX: HUT) reported Q2 2026 revenue of $74.9 million, up from $41.3 million, driven by $72.5 million from Compute, while posting a net loss of $177.1 million, largely due to $138.6 million of primarily unrealized losses on digital assets.
The company completed commercialization of its first gigawatt-scale AI data center campus at Beacon Point by signing, after quarter-end, a second 15-year, 352 MW IT lease, bringing total campus base-term contract value to $19.6 billion and expected average annual NOI to $1.3 billion. Across River Bend and Beacon Point, Hut 8 now has 949 MW of contracted IT capacity, about $26.6 billion of expected base-term contract value and more than $1.75 billion of expected average annual NOI.
The company closed $7.5 billion of fully amortizing, investment-grade, non-recourse project financing in the quarter and held approximately $8.1 billion in cash and Bitcoin as of June 30, 2026. Adjusted EBITDA (excluding digital asset mark-to-market) rose to $10.4 million from $4.2 million.
Hut 8 (Nasdaq, TSX: HUT) announced full commercialization of its 1 GW Beacon Point AI data center campus in Texas by signing a second 15-year, triple-net lease for 352 MW of IT capacity with the same high-investment-grade tenant as Phase 1, bringing that tenant’s contracted capacity to 704 MW.
The new lease has a $9.8 billion base-term contract value, includes a 3.0% annual base rent escalator, and is expected to contribute cumulative NOI of $9.8 billion, or about $655 million per year upon stabilization. Campus-level base-term contract value rises to $19.6 billion, with average annual NOI of $1.31 billion and potential contract value of $50.2 billion if all renewal options are exercised. Across Hut 8’s AI data center portfolio, contracted IT capacity reaches 949 MW with aggregate base-term contract value of $26.6 billion and expected average annual NOI of more than $1.75 billion, all leased to or backstopped by investment-grade counterparties. Hut 8 also highlighted a previously launched $250 million stock repurchase program authorizing buybacks of up to 6,159,439 shares, or 5.0% of current common stock.
Hut 8 (Nasdaq, TSX: HUT) announced it will release its second quarter 2026 financial results before the market opens on August 4, 2026. The company will host a conference call and webcast to review the results the same day at 8:30 a.m. ET, with online registration available.
Hut 8 (Nasdaq, TSX:HUT) named E. Stanley (Stan) O'Neal as Chair of the Board, effective immediately, succeeding founding Chair William (Bill) Tai, who remains a director and Nominating and Governance Committee member.
O'Neal, former Merrill Lynch Chairman and CEO, has served as an independent Hut 8 director since November 2023.
Hut 8 (Nasdaq: HUT) closed a $4.25 billion offering of 6.129% senior secured notes due 2042 for its Beacon Point data center project in Texas. The fully amortizing, non-recourse, non-dilutive notes, rated Baa2, fund a 352 MW turnkey data center and substation.
The notes priced at T+165 bps, about 20 bps inside the earlier River Bend issue, and were substantially oversubscribed. Together with River Bend, Hut 8 has raised $7.5 billion in project-level investment-grade construction financing.
Hut 8 (Nasdaq, TSX:HUT) announced pricing of a $4.25 billion private offering of 6.129% senior secured notes due 2042 for its Beacon Point data center project in Texas. Proceeds will fund construction of a 352 MW turnkey data center, substation, reserves, and transaction costs. The fully amortizing, non-recourse notes are secured by Beacon Point assets and equity.
Hut 8 (Nasdaq, TSX: HUT) appointed Mark Eidelman as Head of Investor Relations and Senior Vice President of Strategic Finance, reporting to CFO Sean Glennan.
Eidelman previously led investor relations and M&A at NextEra Energy and spent 17 years at J.P. Morgan, executing over $75 billion in financings. The appointment follows contracting $16.8 billion in data center lease revenue and closing an investment-grade construction bond as Hut 8 pursues a corporate investment-grade rating.
Hut 8 (Nasdaq, TSX: HUT) agreed with West Feliciana Parish, Louisiana, to invest about $16 million to expand the local water system for its River Bend AI data center campus. The project adds a new well, eight miles of water main, and other upgrades, to be transferred to the parish at no taxpayer cost.
According to Hut 8, the improvements could benefit over 4,000 households and 200+ employers, support a multibillion‑dollar Phase 1 campus, create around 1,000 construction jobs, and provide 268 ongoing jobs while using closed loop cooling to reduce long‑term water demand.
Jacobs (NYSE:J) received a sole-source EPCM contract from Hut 8 (NASDAQ:HUT) to deliver the Beacon Point AI data center campus in Nueces County, Texas. The multi-phase site is designed for up to 1 gigawatt of capacity, with initial energization and commissioning targeted for 2027.
This is Jacobs’ second Hut 8 AI data center project, leveraging River Bend design elements and a new data center digital twin to de-risk commissioning and accelerate time to first revenue. Jacobs reports about $12 billion annual revenue and a workforce of roughly 47,000.