Hut 8 Mining Corp (HUT.US) experienced a significant surge of over 32% at the start of trading on Wednesday, continuing to set new all-time highs and bringing its year-to-date gain to 132%. The catalyst for the move was the company's announcement of a 15-year compute capacity租赁 agreement with a guaranteed minimum value of $9.8 billion. The deal involves providing computing power to a company described as having a "high investment grade" credit rating. The data center developer chose not to disclose the identity of the lessee for the new AI facility located at its Beacon Point site in Nueces County, Texas.

In a statement released Wednesday, Hut 8 indicated that the total contract value could reach up to $25.1 billion if the lessee exercises all three available five-year renewal options. The Beacon Point data center has been approved for a power capacity of up to 1 gigawatt, an amount sufficient to power 750,000 U.S. homes simultaneously. AEP Texas is scheduled to begin delivering electricity to the facility in the first quarter of 2027.

With this new agreement, the total value of租赁 agreements signed for Hut 8's Beacon Point campus and its River Bend campus in Louisiana now amounts to $16.8 billion. The engineering and construction for both projects are being managed by Jacobs Solutions Inc., while data center cooling systems are being handled by Vertiv Holdings Co. (VRT.US).