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
Audiera jumps 17% as whales buy $25M BEAT – Next target is…
AMBCrypto•2026/08/01 22:03

Charles Hoskinson Announces Major Update for Cardano: “It Will Be 60 Times…”
CryptoNewsNet•2026/08/01 21:21

Can XRP Price Could Hit $1,000? Top Trader Presents What to Watch
TimesTabloid•2026/08/01 20:03
Reliance unit Radisys merges Cayman subsidiary into Delaware holding company
Reuters•2026/08/01 17:47
Crypto prices
MoreBitcoin
BTC
$62,777.93
-0.15%
Ethereum
ETH
$1,846.19
-0.75%
Tether USDt
USDT
$0.9990
-0.00%
USDC
USDC
$0.9997
-0.01%
XRP
XRP
$1.06
-0.08%
Solana
SOL
$71.87
-1.30%
TRON
TRX
$0.3274
+0.42%
Hyperliquid
HYPE
$52.1
-0.90%
Dogecoin
DOGE
$0.06898
-0.90%
Zcash
ZEC
$461.38
+1.30%
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