** Shares of crypto miner-turned-AI infrastructure provider Hut 8 HUT.O up 14.2% at $92.88 premarket

** Co signed a 15-year lease worth $9.8 billion for its Beacon Point data center campus in Texas, as demand rises for infrastructure to train and serve AI models

** The deal with an undisclosed tenant covers 352 MW of capacity for large-scale AI training

** Contract includes annual rent increases and could be worth as much as $25.1 billion if renewal options are exercised - Hut 8

** With this deal, co's contracted AI data center capacity expands to 597 MW, and its total contract value rises to about $16.8 bln

** As of last close, HUT stock up 75.2% YTD