On September 3, Hut 8 Mining Corp rose 5.59% in regular trading, trading at $85.21 per share, with turnover of approximately $102 million. The rally was driven by continued market enthusiasm over Anthropic's landmark $35 billion cloud computing agreement with Nvidia-backed cloud provider Lambda.

The data center underpinning the deal is Hut 8's Beacon Point campus in Nueces County, Texas, where Lambda will deploy Nvidia chips to deliver computing power to Anthropic. Hut 8 had previously disclosed two 15-year lease agreements covering 704 megawatts of IT capacity at the site, with a combined contract value of $19.6 billion. Reports indicate that Nvidia itself signed leases for the full 1-gigawatt facility, with renewal options potentially bringing the total value to $50 billion over 30 years.

Separately, Hut 8 announced it will retain ownership of its Canadian data centers to continue GPU and high-performance computing operations, while divesting its legacy managed hosting cloud services business to Opti9 Technologies alongside a transfer of 10 team members — signaling a strategic pivot toward AI-scale infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)