News Heat Trend
Hut 8 Releases Q2 2026 Financial Report, Completes Commercialization of First GW-Scale AI Data Center Campus
According to PR Newswire, crypto mining company and energy infrastructure platform Hut 8 Corp. (NASDAQ/Toronto Stock Exchange: HUT) released its second quarter 2026 earnings report. Key highlights are as follows: In terms of commercialization, the company completed the commercialization of its first gigawatt-scale AI data center campus, Beacon Point, and signed a second 352 MW IT lease after the quarter ended, with a total base period contract value of approximately US$26.6 billion, expected annual average Net Operating Income (NOI) to exceed US$1.75 billion, covering 949 MW of contracted IT capacity, with all lessors being investment-grade counterparties. In terms of financing, the company completed US$7.5 billion of investment-grade project financing in a single quarter, including US$3.3 billion for the River Bend campus and US$4.25 billion for Beacon Point Phase I, all being non-recourse non-dilutive financing, setting a precedent for investment-grade construction financing for single-sponsor data center projects. In terms of finance, total revenue for the second quarter was US$74.9 million, a year-over-year increase of 81% (US$41.3 million in the same period last year); net loss was US$177.1 million, primarily due to an unrealized loss of US$138.6 million on digital assets; adjusted EBITDA was US$10.45 million, a year-over-year increase of 149%. In terms of construction, the two major campuses, River Bend and Beacon Point, combined
Benchmark Raises Hut 8 Target Price to $195
Odaily Equity Research raised its target price for Hut 8 to $195 from $165 on Wednesday, citing the full commercialization of the company's Beacon Point AI data center campus in Texas.This is the second time Benchmark has raised its target price for Hut 8 this month. Last week, analyst Mark Palmer had already incorporated the first phase of the Beacon Point project into his valuation, raising the target from $85 to $165. The new target implies approximately 75% upside from Hut 8's stock price of around $111 on Wednesday.Hut 8 has now signed contracts for 949 megawatts of AI data center capacity, indicating its business is further pivoting from traditional Bitcoin mining towards AI infrastructure and power-driven data center models. Benchmark believes the company is evolving into a "power-first data center REIT," an infrastructure platform centered around power resources and data center assets.Hut 8's stock rose about 2% on Wednesday, bringing its year-to-date gains to nearly 120%. As demand for AI computing power continues to grow, the market is reassessing the value of the substantial power and data center resources held by Bitcoin mining companies.
Benchmark sharply raises bitcoin miner Hut 8 target price to $165
Odaily Benchmark has raised its price target for Hut 8 (HUT) from $85 to $165, citing the company's accelerated commercialization of its AI data center business and a total of $16.8 billion in long-term contracts for AI infrastructure. Analyst Mark Palmer stated that the commercialization progress of Hut 8's Beacon Point AI data center campus in Texas "has changed the company's valuation logic," significantly increasing the project's value.Currently, Hut 8's stock price is approximately $97, meaning Benchmark's new target implies roughly 69% upside. The stock had previously fallen nearly 30% over the past six weeks.According to Benchmark's estimates, the redesigned first phase of the Beacon Point campus will support 352MW of IT capacity, a 57% increase from the original 224MW plan. The base term value of the lease for this initial phase is approximately $9.8 billion, with an estimated annualized net operating income of around $655 million.Additionally, the lease agreement for Hut 8's River Bend data center, signed with Fluidstack and supported by Google, is valued at approximately $7 billion. The combined base term value of the two contracts reaches $16.8 billion. If tenants exercise the included 5-year renewal options, the potential total value could rise to $42.8 billion. (The Block)
In the past day, 10,300 ETH worth $19.5 million was withdrawn from Kraken, and a whale staked 2,020 ETH
Odaily News: According to Onchain Lens monitoring, a whale has staked 2,020 ETH, worth $3.84 million, via the Ethereum Beacon Deposit Contract. Four hours ago, the same whale also withdrew 5,000 ETH, worth $9.53 million, from Kraken. Over the past day, the whale has withdrawn a total of 10,300 ETH from Kraken, valued at $19.5 million.
某巨鲸向以太坊质押存款合约转入 3.24 万枚 ETH，价值约 6146 万美元
据 Whale Alert 监测，某巨鲸向以太坊质押存款合约（Beacon Depositor）转入 3.24 万枚 ETH，价值约 6146 万美元，用于质押。
Benchmark Raises Hut 8 Target Price to $195
Odaily Equity Research raised its target price for Hut 8 to $195 from $165 on Wednesday, citing the full commercialization of the company's Beacon Point AI data center campus in Texas.This is the second time Benchmark has raised its target price for Hut 8 this month. Last week, analyst Mark Palmer had already incorporated the first phase of the Beacon Point project into his valuation, raising the target from $85 to $165. The new target implies approximately 75% upside from Hut 8's stock price of around $111 on Wednesday.Hut 8 has now signed contracts for 949 megawatts of AI data center capacity, indicating its business is further pivoting from traditional Bitcoin mining towards AI infrastructure and power-driven data center models. Benchmark believes the company is evolving into a "power-first data center REIT," an infrastructure platform centered around power resources and data center assets.Hut 8's stock rose about 2% on Wednesday, bringing its year-to-date gains to nearly 120%. As demand for AI computing power continues to grow, the market is reassessing the value of the substantial power and data center resources held by Bitcoin mining companies.
Benchmark sharply raises bitcoin miner Hut 8 target price to $165
Odaily Benchmark has raised its price target for Hut 8 (HUT) from $85 to $165, citing the company's accelerated commercialization of its AI data center business and a total of $16.8 billion in long-term contracts for AI infrastructure. Analyst Mark Palmer stated that the commercialization progress of Hut 8's Beacon Point AI data center campus in Texas "has changed the company's valuation logic," significantly increasing the project's value.Currently, Hut 8's stock price is approximately $97, meaning Benchmark's new target implies roughly 69% upside. The stock had previously fallen nearly 30% over the past six weeks.According to Benchmark's estimates, the redesigned first phase of the Beacon Point campus will support 352MW of IT capacity, a 57% increase from the original 224MW plan. The base term value of the lease for this initial phase is approximately $9.8 billion, with an estimated annualized net operating income of around $655 million.Additionally, the lease agreement for Hut 8's River Bend data center, signed with Fluidstack and supported by Google, is valued at approximately $7 billion. The combined base term value of the two contracts reaches $16.8 billion. If tenants exercise the included 5-year renewal options, the potential total value could rise to $42.8 billion. (The Block)
A new address withdrew 37,000 ETH from Gemini and staked them into the Eth2 Beacon Chain, worth $65.66 million
Odaily reports: According to on-chain analyst Ai Yi's monitoring, a new address withdrew 37,000 ETH (worth $65.66 million) from Gemini 10 hours ago, and subsequently staked them in batches into the Eth2 Beacon Chain.
Hut 8 Releases Q2 2026 Financial Report, Completes Commercialization of First GW-Scale AI Data Center Campus
According to PR Newswire, crypto mining company and energy infrastructure platform Hut 8 Corp. (NASDAQ/Toronto Stock Exchange: HUT) released its second quarter 2026 earnings report. Key highlights are as follows: In terms of commercialization, the company completed the commercialization of its first gigawatt-scale AI data center campus, Beacon Point, and signed a second 352 MW IT lease after the quarter ended, with a total base period contract value of approximately US$26.6 billion, expected annual average Net Operating Income (NOI) to exceed US$1.75 billion, covering 949 MW of contracted IT capacity, with all lessors being investment-grade counterparties. In terms of financing, the company completed US$7.5 billion of investment-grade project financing in a single quarter, including US$3.3 billion for the River Bend campus and US$4.25 billion for Beacon Point Phase I, all being non-recourse non-dilutive financing, setting a precedent for investment-grade construction financing for single-sponsor data center projects. In terms of finance, total revenue for the second quarter was US$74.9 million, a year-over-year increase of 81% (US$41.3 million in the same period last year); net loss was US$177.1 million, primarily due to an unrealized loss of US$138.6 million on digital assets; adjusted EBITDA was US$10.45 million, a year-over-year increase of 149%. In terms of construction, the two major campuses, River Bend and Beacon Point, combined
Benchmark sharply raises bitcoin miner Hut 8 target price to $165
Odaily Benchmark has raised its price target for Hut 8 (HUT) from $85 to $165, citing the company's accelerated commercialization of its AI data center business and a total of $16.8 billion in long-term contracts for AI infrastructure. Analyst Mark Palmer stated that the commercialization progress of Hut 8's Beacon Point AI data center campus in Texas "has changed the company's valuation logic," significantly increasing the project's value.Currently, Hut 8's stock price is approximately $97, meaning Benchmark's new target implies roughly 69% upside. The stock had previously fallen nearly 30% over the past six weeks.According to Benchmark's estimates, the redesigned first phase of the Beacon Point campus will support 352MW of IT capacity, a 57% increase from the original 224MW plan. The base term value of the lease for this initial phase is approximately $9.8 billion, with an estimated annualized net operating income of around $655 million.Additionally, the lease agreement for Hut 8's River Bend data center, signed with Fluidstack and supported by Google, is valued at approximately $7 billion. The combined base term value of the two contracts reaches $16.8 billion. If tenants exercise the included 5-year renewal options, the potential total value could rise to $42.8 billion. (The Block)
The Beacon Season 1 is officially live, with over 7.7 million BCN tokens in rewards
: The Beacon announced on platform X that the first season of The Beacon, "Goblin's Gambit," is now live, with a total reward pool exceeding 7.7 million BCN tokens. Users can earn BCN tokens by participating in the game. Additionally, for the best experience, the official team recommends that users play the game via the Epic Games platform.For more related content, please read: Complete Guide to the First Season of Chain Game The Beacon: 7.7 Million BCN Prize Pool and Treasure Chest Gameplay
The Beacon: Season 1 event will launch on May 25, with rewards exceeding 7.7 million BCN tokens
The Beacon announced on platform X that its first season, "Goblin's Gambit," will launch at 16:00 UTC on May 25, with total rewards exceeding 7.7 million BCN tokens. Users can earn BCN token rewards by participating in the game.
Hut 8 Signs $9.8 Billion AI Data Center Lease Agreement, Stock Hits All-Time High
Odaily News Bitcoin miner Hut 8 has announced the signing of a 15-year, $9.8 billion lease agreement to provide capacity for the first 352-megawatt phase of its AI data center at the Beacon Point site in Texas. Following the news, Hut 8's stock price surged 33% to $107, reaching an all-time high. The IT capacity covered by the agreement will support hyperscale AI training and inference workloads. Hut 8's total contracted AI data center capacity now stands at 597 megawatts, with a total contract value of approximately $16.8 billion. The estimated average annual net operating income is around $1.1 billion. The site is expected to begin power supply in the first quarter of 2027, with the first data hall delivered in the third quarter of the same year.
Related news
In the past day, 10,300 ETH worth $19.5 million was withdrawn from Kraken, and a whale staked 2,020 ETH
Odaily News: According to Onchain Lens monitoring, a whale has staked 2,020 ETH, worth $3.84 million, via the Ethereum Beacon Deposit Contract. Four hours ago, the same whale also withdrew 5,000 ETH, worth $9.53 million, from Kraken. Over the past day, the whale has withdrawn a total of 10,300 ETH from Kraken, valued at $19.5 million.
某巨鲸向以太坊质押存款合约转入 3.24 万枚 ETH，价值约 6146 万美元
据 Whale Alert 监测，某巨鲸向以太坊质押存款合约（Beacon Depositor）转入 3.24 万枚 ETH，价值约 6146 万美元，用于质押。
Purpose Investments' Ether ETF Stakes 42,000 ETH, Worth Approximately $80 Million
Odaily News: According to Onchain Lens monitoring, Purpose Investments' Ether ETF has staked 42,000 ETH, worth approximately $80 million, to the Ethereum Beacon Deposit Contract over the past 3 hours, accounting for 36.6% of the ETF's total holdings. The ETF holds 114,900 ETH in total.
Hut 8 Releases Q2 2026 Financial Report, Completes Commercialization of First GW-Scale AI Data Center Campus
According to PR Newswire, crypto mining company and energy infrastructure platform Hut 8 Corp. (NASDAQ/Toronto Stock Exchange: HUT) released its second quarter 2026 earnings report. Key highlights are as follows: In terms of commercialization, the company completed the commercialization of its first gigawatt-scale AI data center campus, Beacon Point, and signed a second 352 MW IT lease after the quarter ended, with a total base period contract value of approximately US$26.6 billion, expected annual average Net Operating Income (NOI) to exceed US$1.75 billion, covering 949 MW of contracted IT capacity, with all lessors being investment-grade counterparties. In terms of financing, the company completed US$7.5 billion of investment-grade project financing in a single quarter, including US$3.3 billion for the River Bend campus and US$4.25 billion for Beacon Point Phase I, all being non-recourse non-dilutive financing, setting a precedent for investment-grade construction financing for single-sponsor data center projects. In terms of finance, total revenue for the second quarter was US$74.9 million, a year-over-year increase of 81% (US$41.3 million in the same period last year); net loss was US$177.1 million, primarily due to an unrealized loss of US$138.6 million on digital assets; adjusted EBITDA was US$10.45 million, a year-over-year increase of 149%. In terms of construction, the two major campuses, River Bend and Beacon Point, combined
Benchmark Raises Hut 8 Target Price to $195
Odaily Equity Research raised its target price for Hut 8 to $195 from $165 on Wednesday, citing the full commercialization of the company's Beacon Point AI data center campus in Texas.This is the second time Benchmark has raised its target price for Hut 8 this month. Last week, analyst Mark Palmer had already incorporated the first phase of the Beacon Point project into his valuation, raising the target from $85 to $165. The new target implies approximately 75% upside from Hut 8's stock price of around $111 on Wednesday.Hut 8 has now signed contracts for 949 megawatts of AI data center capacity, indicating its business is further pivoting from traditional Bitcoin mining towards AI infrastructure and power-driven data center models. Benchmark believes the company is evolving into a "power-first data center REIT," an infrastructure platform centered around power resources and data center assets.Hut 8's stock rose about 2% on Wednesday, bringing its year-to-date gains to nearly 120%. As demand for AI computing power continues to grow, the market is reassessing the value of the substantial power and data center resources held by Bitcoin mining companies.
Hut 8 and IREN Announce New Billion-Level AI Infrastructure Contract, Both Stock Prices Surge Over 16%
According to The Block, Bitcoin mining companies Hut 8 (HUT) and IREN sequentially announced major AI infrastructure deals, with share prices both rising over 16% on the day. Hut 8 signed a second 15-year, $9.8 billion lease at the Beacon Point campus in Nueces County, Texas, fully commercializing the 1GW site. This contract doubles the signed capacity for existing tenants to 704MW, raising the total value of campus contracts to $19.6 billion. Adding River Bend's 245MW, Hut 8's total signed IT capacity for its AI data center portfolio reaches 949MW, with a total contract base term value of $26.6 billion and expected average annual net operating income exceeding $1.75 billion. If three renewal options are exercised, Beacon Point's potential contract value could reach up to $50.2 billion. After signing a new $2.8 billion multi-year cloud computing contract, IREN raised its end-of-2026 AI cloud annualized revenue target from $3.7 billion to over $4 billion, with currently about 85% of the target secured within contracts. Clients include top institutions such as Microsoft, NVIDIA, Perplexity, and Figure AI, with customer prepayments in the new contract covering approximately 45% of the related GPU capital expenditures. As of June 30, IREN held approximately $7.6 billion