Hut 8 stock surges 31.8% following a landmark $17.7 billion Google AI infrastructure deal and $10 billion River Bend data center expansion announced in April 2026.

Hut 8 secured a 15-year leasing agreement with Google potentially worth up to $17.7 billion in total revenue including renewal options

The company is advancing construction of the River Bend data center, a $10 billion facility with 245 MW capacity dedicated to AI and compute infrastructure

Improved geopolitical conditions and cryptocurrency market recovery have boosted investor confidence in Hut 8's hybrid Bitcoin mining and AI infrastructure business model