Hut 8, IREN Secure Multibillion-Dollar AI Contracts as Crypto Miners Expand Beyond Bitcoin 

AI infrastructure is emerging as a major growth avenue for cryptocurrency miners, with fresh announcements from Hut 8 and IREN underscoring the industry’s strategic expansion beyond Bitcoin mining.

Hut 8 disclosed a new 15-year lease agreement for AI data center capacity valued at $9.8 billion, bringing the entire 1-gigawatt Beacon Point campus in Texas under long-term commercial contracts.

Meanwhile, IREN reported securing $2.8 billion in additional multi-year AI cloud commitments. The company also lifted its forecast for annualized AI cloud revenue by the end of 2026 to above $4 billion, citing continued growth in demand for AI computing services.

The developments reflect a broader industry trend as digital asset miners increasingly leverage their power and data center assets to build AI-focused businesses and diversify future revenue streams.

Source: Hut 8 Corp and IREN