StocksMedium•9 November 2026•
1 min read
Hut 8 Commercializes AI Campus and Sells Bitcoin for Share Buybacks
Key Facts
1Hut 8 announced the full commercialization of its Beacon Point AI campus with a second 352 MW lease.
2The company expects the aggregate base-term contract value across its AI data center portfolio to reach approximately $26.6 billion.
3The company sold Bitcoin holdings to fund its share repurchase program.
Hut 8 announced the full commercialization of its Beacon Point AI campus following the execution of a second 352 MW lease. NewsBTC reported that the company expects the aggregate base-term contract value across its AI data center portfolio to reach approximately $26.6 billion as it pivots toward high-performance computing infrastructure.
The company sold a portion of its Bitcoin holdings to fund its share repurchase program to return value to shareholders. HUT closed at $52.65 on November 6, 2026, having traded between a day high of $53.45 and a day low of $47.02 during that session.