Expected Contract Value Rises to $26.6 Billion as Hut 8 Sells Approximately 3,100 BTC to Repurchase Shares

Odaily reports: Bitcoin News posted on X that Hut 8 sold approximately 3,100 BTC to repurchase its own shares, of which 954 BTC were used for buybacks in the third quarter, amounting to $74.7 million; another 2,100 BTC were used for buybacks after the quarter ended, amounting to $175.3 million, with the repurchase authorization increased to $1 billion. A second 352-megawatt lease fully commercializes the Beacon Point AI campus, raising the expected contract value of Hut 8's AI business portfolio to approximately $26.6 billion; the first data hall is expected to be delivered in the second quarter of 2027.