[Hut 8 Signs $9.8 Billion AI Data Center Lease, Stock Price Hits All-Time High] Deep Tide TechFlow reports that on May 6, according to Decrypt, Bitcoin mining company Hut 8 has signed a 15-year AI data center lease worth $9.8 billion for Phase 1 of its Beacon Point campus located in Nueces County, Texas, USA. The lease covers 352 MW of IT capacity. Following the news, Hut 8's stock price surged to $109.88 during trading, marking an all-time high. The lessee is an unnamed, high-investment-grade enterprise planning to deploy large-scale dedicated computing infrastructure for AI training and inference. Beacon Point was originally intended to support Bitcoin mining but later shifted to AI infrastructure development. After this transaction, Hut 8's total signed AI data center capacity has increased to 597 MW, with the total value of foundational contracts reaching approximately $16.8 billion.