BBX: Hut 8 AI campus generates a total contract revenue of $16.8 billions, Core Scientific executes steadily but the market needs new contracts
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
BBX News, Hut 8 Q1 revenue was $71 million (+226%), announced a $9.8 billion AI lease for Beacon Point, total of $16.8 billion for the two campuses, River Bend finalized $3.25 billion in financing, pre-market +30%; Core Scientific Q1 revenue reached $115.2 million (+45%), $77.5 million (+800%) in custody services, EPS loss smaller than expected due to lower construction costs, no new contracts announced, stock price -9%. Key points: ——Hut 8 (NASDAQ: HUT): Q1 revenue $71 million (+226%), Compute gross margin 64%; Beacon Point: $9.8 billion/15 years (NVIDIA specifications), total $16.8 billion for the two campuses; River Bend $3.25 billion financing completed; 3,300 BTC collateral released; pre-market +30%. ——Core Scientific (NASDAQ: CORZ): Q1 revenue $115.2 million (+45%), custody $77.5 million (+800%); EPS -$1.06 (expected -$0.06, driven by construction costs); CoreWeave 590 MW progressing as scheduled; no new contracts announced; stock price -9%. Source: bbx.com
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
SEC Opens Door to Onchain Stock Trading With New ‘Innovation Exemption’
Cryptopotato•2026/09/17 14:12
Lockheed Martin Reports Rapid Delivery of PAC-3 Missile Segment Enhancement Components From GM Defense
MT newswire•2026/09/17 14:08
DoubleVerify Launches Ask Neura Conversational AI Feature
MT newswire•2026/09/17 14:07
National Grid Partners Invests in Terragrit, Terragrit Says
MT newswire•2026/09/17 14:05
Crypto prices
MoreBitcoin
BTC
$76,803.41
+1.63%
Ethereum
ETH
$2,474.02
+3.62%
Tether USDt
USDT
$0.9991
-0.00%
BNB
BNB
$726.94
+2.45%
XRP
XRP
$1.31
+2.76%
USDC
USDC
$0.9998
-0.00%
Solana
SOL
$101.13
+4.33%
TRON
TRX
$0.3343
-0.03%
Zcash
ZEC
$1,420.44
+13.58%
Hyperliquid
HYPE
$82.47
+5.17%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now