On September 4, Hut 8 Mining Corp rose 5.3% in regular trading, trading at $93.24/share, with turnover of $2.92 billion. The stock extended gains following a series of catalysts centered on a landmark cloud computing agreement and strategic business restructuring.

On the news front, AI firm Anthropic recently signed a $35 billion cloud computing agreement with Nvidia-backed cloud provider Lambda. The data center underpinning this deal is Hut 8's Beacon Point campus in Nueces County, Texas, where Lambda deploys Nvidia chips to deliver compute capacity to Anthropic. Nvidia had previously signed leases directly with Hut 8 to lock in capacity at the facility. The campus is covered by two 15-year leases spanning 704 MW of IT capacity, with a base contract value of $19.6 billion and renewal options potentially lifting the total to $50 billion over 30 years.

Separately, Hut 8 completed a business restructuring by divesting its legacy Canadian managed hosting and cloud services to Opti9 Technologies, while retaining ownership of its Canadian data centers and continuing to operate its GPU and high-performance computing business — reinforcing its strategic pivot toward AI and cloud infrastructure.

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