Hut 8 shares jump over 30% on news of $9.8 billion AI data center lease
Hut 8 shares surged 30% after securing a $9.8 billion, 15-year AI data center lease in Texas with potential value exceeding $25 billion. The bitcoin miner pivots to high-performance computing infrastructure as crypto mining economics deteriorate. The 352-megawatt facility supports AI training and inference, with operations expected in 2027, positioning Hut 8's total contracted AI capacity at 597 megawatts worth $16.8 billion.
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NYSE tokenization partners warn synthetic stock tokens could mislead retail traders
ICE, OKX, and Securitize executives warn that offshore synthetic stock tokens pose serious risks to retail traders, often lacking underlying equity backing and exploiting regulatory gaps. Meanwhile, NYSE is building a regulated tokenized equities platform with pre-funded tokens and stablecoins. The shift toward legitimate tokenization mirrors the transition from floor to electronic trading—it's now "when, not if."
