Hut 8 Sells About 3,100 BTC for Share Buybacks as Expected Contract Value Rises to $26.6 Billion

Hut 8 sold about 3,100 BTC to repurchase its shares, while the expected contract value of its AI business portfolio rose to about $26.6 billion. According to Odaily, Bitcoin News said on X that 954 BTC were used for buybacks during the third quarter for $74.7 million, and another 2,100 BTC were used for repurchases after the quarter ended for $175.3 million; the buyback authorization increased to $1 billion. A second 352-megawatt lease brought the Beacon Point AI campus to full commercialization, and the first data hall is expected to be delivered in the second quarter of 2027.