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Two 15-year Hut 8 leases at Beacon Point carry $19.6B in contracted value, more than 260x its $74.93M quarterly revenue, as bitcoin miners keep pivoting into AI compute.
The pair of deals signals that long-duration, investment-grade power contracts are now the binding constraint on AI compute buildouts, with miners monetizing stranded megawatts ahead of hyperscalers.
The 94% target raise is bigger than the price move it's reacting to: Benchmark is pricing Hut 8 as a power-first data center REIT, not a Bitcoin miner, with $16.8B in contracted lease value at the…
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