Hut 8 shares surge on rumored collaboration with Meta

Hut 8 shares rose nearly 12% in premarket trading following speculation of a partnership with Meta to build a $12 billion AI data center in Louisiana, according to CoinDesk. Meta also plans a $10 billion AI facility in the same state. While similarities exist between bitcoin mining and AI operations, neither company has confirmed the rumors. Hut 8 recently reported holding 9,122 BTC and announced funding initiatives, including a $500 million offering.