Pre-market Surge: Hut8, a mining company, surged over 18% in pre-market trading after signing a $7 billion leasing agreement with Fluidstack.

BlockBeats News, December 17th, Bitcoin mining firm Hut 8's pre-market stock price surged over 18%, bringing its market value to $3.981 billion. On the news front, Hut 8 has signed a 15-year, $7 billion leasing agreement with Fluidstack, leasing out 245 megawatts (MW) of its IT hashing power capacity in the River Bend data center campus to the latter.

According to the agreement, Fluidstack has also been granted a right of first offer (ROFO) for up to an additional 1,000 MW of IT capacity in the future expansion phases of the campus, subject to the corresponding expansion of the campus's power supply scale.