On July 23, Hut 8 Mining Corp rose 5.84% in regular trading, trading at approximately $117.03/share, with turnover of $95.59 million.

On the news front, the company announced it has signed a second 15-year triple-net lease agreement worth $9.8 billion with the same high-investment-grade customer, covering 352 MW of IT computing capacity. This milestone marks the full 100% commercialization of utility capacity at the Beacon Point campus in Nueces County, Texas, bringing total base contract value to $19.6 billion. Each lease contains three five-year renewal options, with potential campus-level contract value reaching 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. The company had previously completed pricing of $4.25 billion in investment-grade senior secured notes for the project, establishing both financing and commercialization on firm footing. The signing effectively doubles the tenant's total contracted capacity to 704 MW and provides strong validation of asset value following a mid-July selloff exceeding 15%.

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