Svmuu News Bitcoin miner Hut 8 has announced the signing of a 15-year, $9.8 billion lease agreement to provide capacity for the first 352-megawatt phase of its AI data center at the Beacon Point site in Texas. Following the news, Hut 8's stock price surged 33% to $107, reaching an all-time high. The IT capacity covered by the agreement will support hyperscale AI training and inference workloads. Hut 8's total contracted AI data center capacity now stands at 597 megawatts, with a total contract value of approximately $16.8 billion. The estimated average annual net operating income is around $1.1 billion. The site is expected to begin power supply in the first quarter of 2027, with the first data hall delivered in the third quarter of the same year.