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Hut 8 stock rises after tenant doubles footprint at Beacon Point data center site in Texas

Stocks & Finance
Hut 8 stock rises after tenant doubles footprint at Beacon Point data center site in Texas

Cryptocurrency mining rigs in a data center

luza studios/E+ via Getty Images

Hut 8 (HUT) (HUT:CA) stock was surging after the bitcoin miner and energy infrastructure platform announced commercialization of the second phase of its one-gigawatt Beacon Point data center campus in Texas.

The company has secured a second 15-year, $9.8B lease for


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