Bitcoin mining stock surges on $9.8 billion AI deal

Jul 20, 2026 4:56 PMPublished Jul 20, 2026 4:56 PM

Bitcoin miners are no longer just about crypto; they are becoming the ultimate gatekeepers of the AI revolution. While critics argue that massive spending on data centers is a bubble ready to burst, Hut 8 just locked in a staggering $19.6 billion contract for a single Texas campus. This proves that the real value isn't in the coins being mined, but in the raw power capacity these firms control. Is Bitcoin mining now just a side hustle for the new AI infrastructure kings? What’s your take?
This summary was generated by AI

Hut 8 shares surge after a $9.8 billion AI data center lease fully commercializes its Texas campus, lifting the wider compute sector.

www.thestreet.comBitcoin mining stock surges on $9.8 billion AI dealHut 8 shares surge after a $9.8 billion AI data center lease fully commercializes its Texas campus, lifting the wider compute sector.

Hut 8 •AI Stocks •AI

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