Hut 8 details strategy shift to AI data center leases in Q3 call

The Bitcoin miner has contracted 949 MW of IT capacity expected to bring in approximately $27 billion over 15- to 17-year leases Hut 8 built its name mining Bitcoin . Its latest earnings call suggests it would rather be known as a landlord. On November 4, 2026, Hut 8 Corp. (NASDAQ: HUT) used its third-quarter 2026 call to lay out a strategy that turns its power assets into long-term AI data center leases. Management described a “power-first” energy infrastructure model built around gigawatt-scale campuses. Mining is no longer the main event. The headline number is hard to ignore. The company says it has contracted 949 megawatts of IT capacity, and those contracts are expected to produce approximately $27 billion in base-term revenue over leases running 15 to 17 years.

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