On July 23, Hut 8 Mining Corp rose 5.19% in pre-market trading, trading at $115.42/share, with turnover of approximately $1.05 million. The stock continues to advance following its recent announcement of a landmark lease agreement.

On the news front, Hut 8 recently signed a second 15-year triple-net lease valued at $9.8 billion with the same high-investment-grade customer, covering 352 MW of IT capacity. This milestone fully commercializes the 1-gigawatt utility capacity at its Beacon Point campus in Nueces County, Texas, bringing cumulative base contract value to $19.6 billion. Each lease includes three five-year renewal options, potentially elevating the campus-level contract value to approximately $50.2 billion if fully exercised. The second phase will support a 352 MW AI factory built to NVIDIA DSX reference architecture, with initial delivery expected in Q2 2028. Additionally, the company has completed pricing of $4.25 billion in investment-grade senior secured notes, advancing both project financing and commercialization simultaneously.

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