Bitcoin miner Hut 8’s shares rose Monday after the Toronto Stock Exchange- and Nasdaq-listed firm said it had signed a second 15-year lease ​worth $9.8 billion for its AI data center. 

Hut 8 shares peaked as high as $106 a pop before dropping to around $101. They closed Monday up over 10%. 

The deal will see the Toronto-based firm’s Beacon Point campus in Texas data center cover 352 ​megawatts of IT capacity. The tenant using the data center’s will have its capacity doubled to 704 MW.

Hut 8 added that the campus has a base-term contract value of $19.6 billion over 15 years, rising to as much as $50.2 billion if renewal options are exercised.

Asher Genoot, CEO…

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