Hut 8 Adds 352 MW AI Lease as Bitcoin Sales Support Buybacks
Hut 8 says a second lease fully commercializes its Beacon Point AI campus while bitcoin proceeds fund share buybacks.
Hut 8 says a second lease fully commercializes its Beacon Point AI campus while bitcoin proceeds fund share buybacks. Bitcoin (BTC) is trading at ₹70,03,246 ($74,465.00), up 0.5% since this brief published. This is an original Token Times brief based on reporting by NewsBTC, with live market data added, as of Mon, 09 Nov 2026 09:00:01 UTC.
The expansion makes Hut 8’s AI infrastructure commitments more material, while linking its capital-return program to realized bitcoin sales. That introduces a market-sensitive funding link as bitcoin remains under pressure.
- Hut 8 fully commercialized its Beacon Point AI campus.
- A second 352 MW lease expands the campus commitments.
- Bitcoin sales are being used to fund corporate buybacks.
- BTC trades at $74,117, down 2.18% over 24 hours.
Hut 8 said it has fully commercialized its Beacon Point AI campus after securing a second lease covering 352 megawatts. The company said the additional commitment increases the expected aggregate base-term contract value across its AI business, although the supplied report does not provide the resulting dollar figure. The same report links Hut 8’s capital allocation to digital assets: proceeds from bitcoin sales are being directed toward share buybacks. That puts the company’s buyback activity alongside its expansion into AI data-center infrastructure, connecting two strategic priorities through a financing source tied to the crypto market. Only NewsBTC covered the announcement, and no additional outlet was available to independently corroborate the lease, contract-value estimate, or buyback funding detail. The second 352 MW lease is the central disclosed element of the campus expansion, while the broader expected contract value was not specified in the supplied coverage.
Market conditions provide a subdued backdrop. 
Bitcoin trades at $74,117, down 2.18% over 24 hours and 5.15% over seven days, with a market capitalization of $1.49 trillion. The total crypto market stands at $2.54 trillion and is broadly lower, while the Fear & Greed index is at 29, indicating a “Fear” reading. The next points to monitor are the financial terms attached to the expanded AI commitments and the scale of bitcoin sales needed to support Hut 8’s buybacks as market prices remain weak.
Since this brief published about 8 hours ago, Bitcoin (BTC) has moved from ₹69,70,517.45$74,117.00 to ₹70,03,245.97$74,465.00 — +0.47%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $72,500 in November?
Crowd-implied probability on Polymarket, ₹12.76M 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 9 07:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.45M (about $74,465.00), down 1.8% over 24 hours. The rupee itself trades about 6.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Hut 8 Adds 352 MW AI Lease as Bitcoin Sales Support Buybacks — questions & answers
What changed at Hut 8’s Beacon Point campus?
Hut 8 secured a second 352 MW lease, which the company says fully commercializes its Beacon Point AI campus.
How are Hut 8’s buybacks being funded?
The report says proceeds from bitcoin sales are being used to fund corporate share buybacks.
How is bitcoin performing alongside the announcement?
Bitcoin is at $74,117, down 2.18% over 24 hours and 5.15% over seven days.
How much is 1 Bitcoin worth in rupee today?
About ₹7.45M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $74,465.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.47% since this brief first published — trading at ₹70,03,246 ($74,465.00) now versus ₹69,70,517 ($74,117.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from NewsBTC. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.