Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector

Hut 8 shares experienced a surge of 30-35% following the announcement of a $9.8 billion AI data-center lease located in Texas. This strategic move signals a massive pivot by the crypto miner toward AI infrastructure. The development has provided a significant boost to the broader compute sector, reflecting the company's transition into high-performance computing capabilities and its commitment to expanding its operational footprint within the artificial intelligence data-center market to drive future growth.