HUT 8 MINING CORP

Hut 8 has backed Governor Greg Abbott’s directive to Texas utility regulators to set development standards for data centers. The company says its development practices are consistent with the requirements for grid stability, local resource management and community impacts. Hut 8 operates about 1.5 gigawatts of power capacity in Texas and is developing the AI data center campus Beacon Point with battery systems for grid integration and a closed-loop cooling system. The company emphasizes cooperation with state authorities and early engagement with local stakeholders. » Mere på de.investing.com

Hut 8 reported an adjusted revenue rise of 81% to $105.18 million for Q2 2026, but missed analysts' forecasts and posted a loss per share of $1.78, well above the expected $0.519. Operationally the business improved: compute revenue more than doubled, adjusted EBITDA rose to $10.4 million and gross margin climbed to about 64%. The large GAAP net loss was driven mainly by non‑cash mark‑to‑market losses on digital assets, while G&A expenses increased significantly due to stock‑based compensation. The company secured roughly $7.5 billion in project financing for two sites and is advancing its shift to an energy‑infrastructure platform and the construction of large AI data‑center campuses. » Mere på de.investing.com

Hut 8’s stock climbed about 20% after the Financial Times identified Nvidia as the anchor tenant for the 1‑gigawatt datacenter campus Beacon Point in Texas. The lease has a base term of 15 years and a nominal value of $19.6 billion (rising to up to $50.2 billion if all extension options are exercised). Additional drivers include new coverage from Morgan Stanley with an "Overweight" rating and a $263 price target, and positive market sentiment for AI infrastructure ahead of the Q2-2026 conference call on August 4. » Mere på de.investing.com