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Hut 8 has secured a massive $9.8 billion lease expansion for its Texas AI data center.
Here is what you need to know about this major infrastructure milestone:
• THE SCALE-UP: The 15-year agreement effectively doubles the site's IT capacity to a robust 704 megawatts.
• PROJECTED RETURNS: The expansion is forecast to yield a significant average annual net operating income of $655 million.
• MARKET REACTION: Backed by a strong 59.67% gross margin projection, Hut 8 shares jumped 12.07% on the news.
• THE QUANT SUMMARY: Even with this massive structural growth catalyst, near-term profitability headwinds keep the Seeking Alpha Quant score at a neutral Hold.
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