Hut 8 has secured leases totaling $19.6 billion for AI data center capacity in Texas, with Nvidia reportedly involved in the project.
The two leases cover 704 MW dedicated to AI infrastructure, a massive expansion in the state’s tech sector. The headline figure of $50.2 billion depends on options for future lease renewals, which could further increase Hut 8’s presence.
On the trading floor, Nvidia’s stock hovered around $193.43 after reaching near $197.50. This development shines a spotlight on Nvidia’s role in powering AI workloads, as the company’s technology is likely central to these data center operations.
These large-scale data centers underline the growing demand for AI processing power, with companies like Hut 8 betting big on long-term expansion. Nvidia’s chips have become essential in AI, attracting attention from investors tracking related tech and crypto markets.
This content is for informational purposes and not financial advice.
