Hut 8 Expands AI Campus Commitments While Funding Buybacks With Bitcoin Sales

TL;DR: Hut 8 says it fully commercialised its Beacon Point AI campus with a second 352 MW lease, taking expected aggregate base-term contract value across its AI data-centre portfolio to about $26.6 billion. The company also sold Bitcoin to fund share repurchases, showing how mining-era assets are being redeployed.
Hut 8’s third-quarter update is less about how many coins it mined and more about how much power, construction capacity and long-term tenant demand it can assemble. That represents