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HUT News30 articles
Keel Infrastructure Slips After Rally, Awaiting Key Data-Center Leases
Keel Infrastructure shares fell pre-market after hitting a 52-week high, as the market weighs the Russell 3000 addition and convertible note offering against declining revenue and unsigned data-center leases.
TeraWulf Rallies on Kentucky Data Center Expansion, Power Access Takes Center Stage
TeraWulf shares surged 10% to $25.18 after announcing a 1-GW data center campus in Eastern Kentucky, with 500 MW planned by 2028 and another 500 MW by 2030.
Keel Infrastructure Surges as AI Demand Drives Shift from Bitcoin Mining
Keel Infrastructure shares gained 4.7% to $5.035, pushing year-to-date returns past 115%, as investors pivot to former bitcoin miners offering AI power infrastructure.
Hut 8 Stock Slips 5.5% Following $16M Water Infrastructure Investment for AI Data Center
Hut 8 shares dropped 5.5% as the company invested $16 million in water infrastructure for its River Bend AI data center, highlighting the focus on project execution.
HIVE Digital Soars 29% on Plans for Massive AI Data Center Near Toronto
HIVE Digital Technologies stock jumped 28.6% to $3.46 on Monday after unveiling plans for a 320 MW AI data center near Toronto, aiming for over 100,000 GPUs by late 2027.
Hut 8's $9.8B Texas AI Lease Signals Pivot from Crypto Mining
Hut 8 Corp. unveiled a $9.8 billion, 15-year AI data center lease in Texas, driving broker price targets higher as the company pivots from crypto mining to AI infrastructure.
Hut 8 Secures $9.8B AI Data Center Lease, Shifts Focus from Bitcoin Mining
Hut 8 Corp. inked a 15-year, $9.8 billion lease for 352 MW of AI data-center capacity at its Beacon Point campus, advancing its pivot from bitcoin mining to AI infrastructure.
AMD's Bullish Forecast Propels S&P 500 and Nasdaq to New Records
The S&P 500 and Nasdaq closed at all-time highs Wednesday, driven by AMD's strong forecast and a slide in oil prices.
Hut 8 Shares Surge 32% on $9.8 Billion Texas AI Data Center Lease
Hut 8 (HUT) shares surged 32% after inking a $9.8 billion, 15-year lease for 352 MW of IT capacity at its Beacon Point data center in Texas, accelerating its pivot to AI.
IREN's AI Pivot Draws Investor Scrutiny Amid Funding and Revenue Pressures
IREN shares gained 1.8% as investors weigh its strategic pivot to AI cloud infrastructure against a recent quarterly net loss of $155.4 million and a new $6 billion share sale authorization.
IREN Rises on Bitcoin Rally, Faces $6B Share Sale Pressure
IREN shares advanced Monday, buoyed by a rebound in Bitcoin prices. The company continues its aggressive AI cloud expansion but faces potential dilution from a massive share-sale program.
Bitmine Shares Drop as Ethereum Retreats, Treasury Holdings in Focus
Bitmine Immersion Technologies shares declined approximately 3% in Thursday trading, mirroring a drop in Ethereum's price. The company's substantial treasury, holding 4.6 million ETH, ties its stock performance closely to the cryptocurrency's movements.
MARA Stock Slides Amid Bitcoin Retreat, AI Transition Costs Scrutinized
MARA Holdings shares declined 5.4% in premarket trading Friday as Bitcoin retreated toward $70,000, intensifying focus on the company's capital needs for its strategic shift into artificial intelligence and high-performance computing infrastructure.
Hut 8 Soars on Bitcoin Rally and AI Data Center Expansion
Hut 8 shares climbed nearly 14% Wednesday, buoyed by bitcoin's surge to $74,000 and an analyst price target increase. The company is advancing AI data center projects and deploying new mining rigs.
Yum Brands Sells Pizza Hut in $2.7B Deal to Streamline Portfolio
Yum Brands is selling Pizza Hut in a $2.7 billion split deal to LongRange Capital and Yum China, as U.S. same-store sales decline for the tenth consecutive quarter.
Save Mart Shuts Two Lucky California Stores Amid Margin Pressures
Save Mart will close Lucky California stores in Danville and San Francisco due to underperformance, continuing a trend of grocers trimming weak locations.
Yum Brands Divests Pizza Hut in $2.7B Deal
Yum Brands sells Pizza Hut for $2.7 billion in two deals, expects $2.3 billion in net proceeds, and authorizes $4 billion in stock buybacks.
West Marine Shutters 59 Stores Amid Chapter 11 Restructuring, Executive Bonuses Draw Scrutiny
West Marine closes 59 stores in 23 states as part of Chapter 11 restructuring, with $1.075 million in retention bonuses paid to executives shortly before filing.
Dine Brands Shutters Calexico Applebee's After 20-Year Run
Applebee's shuts its Calexico restaurant after two decades, putting 30 jobs at risk, as Dine Brands pivots to dual-branded Applebee's-IHOP locations amid inflation pressures.
Family Dollar Shutters Over 350 Stores, Testing Private-Equity Turnaround
Family Dollar closed at least 350 stores in 10 months, hitting Southern and Appalachian areas hard. New private-equity owners face a test of their turnaround strategy.
China Shuts Down Unauthorized Cross-Border Stock Trading Platforms
China's securities regulator has ordered Tiger Brokers, Futu Securities, and Longbridge Securities to wind down unauthorized cross-border trading for mainland clients, citing illegal operations. Shares of Futu and UP Fintech plunged over 30% in U.S. premarket trading.
JetBlue Slashes 11 Routes, Pivots to Fort Lauderdale After Spirit Shutdown
JetBlue is dropping 11 routes, exiting Manchester-Boston, and doubling down on Fort Lauderdale after Spirit Airlines ceased operations. The airline reported a $319M Q1 loss.
Bolt CEO Defends HR Shutdown, Says Smaller Team Boosts Agility
Bolt CEO Ryan Breslow defended cutting the HR department at Fortune's summit, stating it created problems. The move follows layoffs and a shift to AI and a finance app.
Spirit Airlines Parent Files for Asset Liquidation After Shutdown
Spirit Aviation Holdings files for asset sale after Spirit Airlines ceases operations. JetBlue and Frontier expand routes to capture stranded travelers.
JetBlue Gains on Hopes of Spirit Shutdown; Fuel Costs Still Bite
JetBlue shares rose 4.4% Friday amid speculation that a Spirit Airlines shutdown could ease competition, despite the airline posting a wider Q1 loss and grappling with higher fuel expenses.
Wren Kitchens Shutters All US Operations, Layoffs in Pennsylvania
Wren US Holdings has closed all US showrooms and studios, leading to layoffs in northeastern Pennsylvania, reversing a 2020 expansion that promised 360 jobs.
7-Eleven to Shutter 645 Stores, Delays North American IPO Amid Strategic Shift
Seven & i Holdings plans to close 645 7-Eleven stores in North America in fiscal 2026 while opening 205 new locations, reducing its total footprint. The company has postponed its planned North American IPO to fiscal 2027 or beyond.
U.S. Markets Shut for Good Friday as March Jobs Data Looms
U.S. equity markets will be closed on Friday, April 3, 2026, for the Good Friday holiday, with trading resuming Monday, April 6. The key March employment report is scheduled for release during the market closure.
Fidelity Canada to Shutter Eight Funds as Retirement Products Outperform
Fidelity Investments Canada is winding down eight funds, with most closures set for late July. Meanwhile, the firm's Freedom 2045 and 2015 retirement funds outperformed their benchmarks in the fourth quarter of 2025.
American Airlines Shares Decline Amid Fuel Spike and Government Shutdown Strain
American Airlines shares dropped to $10.30 Monday, underperforming peers, as surging fuel prices and airport staffing concerns from the government shutdown weigh on the carrier. The company previously warned of a Q1 loss.