How is Hut 8 allocating its Bitcoin holdings while expanding its AI infrastructure business? A ChainCatcher report published on November 9, 2026, at 21:32:49 UTC+8, citing a Bitcoin News post on X, described BTC-funded share repurchases and progress on leasing at its Beacon Point AI campus.
Bitcoin sales fund share repurchases
According to the report, Hut 8 sold approximately 3,100 BTC to repurchase its own shares. The reported breakdown was:
- Third quarter: 954 BTC used for share repurchases totaling $74.7 million.
- After quarter-end: 2,100 BTC used for share repurchases totaling $175.3 million.
The share-repurchase authorization increased to $1 billion.
Second lease completes Beacon Point commercialization
The report said a second 352-megawatt lease brought the Beacon Point AI campus to full commercialization, raising the expected contract value of Hut 8’s AI business portfolio to approximately $26.6 billion.
The first data hall was expected to be delivered in the second quarter of 2027. The portfolio figure represents expected contract value, not reported realized revenue.