Hut 8 fully commercializes 1 GW Beacon Point campus with second AI lease

Hut 8 has fully commercialized its 1 GW Beacon Point campus after securing a second AI lease. This development follows a $9.8 billion agreement, prompting B. Riley to maintain its Buy rating for the company. By utilizing the full capacity of the Beacon Point site, Hut 8 is expanding its footprint in the AI infrastructure sector. The move highlights the company's transition toward high-performance computing and the strategic monetization of its extensive power resources.