Bitcoin miners jump as Hut 8, IREN unveil $9.8B and $2.8B AI deals

Bitcoin mining stocks surged on expectations for AI business expansion after Hut 8 (HUT) and IREN, formerly Iris Energy, announced major AI infrastructure contracts, Cointelegraph reported. Hut 8 disclosed a $9.8 billion AI data center lease agreement, while IREN unveiled a $2.8 billion AI cloud services contract. Shares of related companies including Cipher Digital, CleanSpark and MARA Holdings rose more than 11% in early trading.