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Hut 8 secured a $7 billion, 15-year lease for an AI data center, while Coursera is acquiring Udemy in a $2.5 billion all-stock deal.
Hut 8's stock (HUT) gained 10.28% after it signed a 15-year, $7 billion lease with Fluidstack for 245 megawatts of IT capacity at a Louisiana data center.
CleanSpark (CLSK) stock dropped 15.07% to $11.91 as Bitcoin's price fell below $90,000, impacting the broader crypto mining sector.
MicroStrategy shares rose after the company added $980 million in Bitcoin to its treasury, reinforcing its digital asset strategy. Separately, Roku stock gained over 5% after Morgan Stanley issued a double upgrade, citing strong growth in streaming advertising.
Ark Invest has executed a strategic purchase of over $32 million in shares of key digital asset companies, including Coinbase (COIN), Circle (CRCL), and Bullish (BLSH). The move signals strong institutional conviction in crypto-related infrastructure, contrasting with recent volatility in the sector.
Hut 8 Corp. stock declined over 13% due to a broader Bitcoin downturn and heavy selling in its majority-owned subsidiary, American Bitcoin (ABTC). The market is penalizing the firm's complex structure despite its strategic pivot towards high-performance computing infrastructure.
MicroStrategy acquired an additional 10,645 bitcoins for $980.3 million, reinforcing its corporate treasury strategy even as its stock and the broader crypto market show signs of weakness. The purchase was financed through stock offerings, highlighting the firm's continued reliance on capital markets to fund its digital asset accumulation.
Index provider MSCI has proposed reclassifying firms holding over 50% of their assets in digital currencies as “funds,” not operating companies. This threatens their inclusion in major stock indexes, prompting significant pushback from crypto-focused investment firms and sparking a debate on corporate identity in the digital asset era.