On August 27, Hut 8 Mining Corp rose 5.18% in pre-market trading, trading at $89.3982/share, with turnover of $3.3157 million.

On the news front, Nvidia reported its fiscal Q2 results after the close on August 26, posting revenue of $96.2 billion (up 106% YoY), surpassing the analyst consensus of $92.38 billion. Adjusted EPS came in at $2.22, beating estimates by 5.7%. Data center revenue reached $89 billion, up 117% YoY. Nvidia also guided Q3 revenue to $108 billion, above the $105.15 billion consensus. The strong results validate surging AI infrastructure demand, directly benefiting Hut 8 as a key Nvidia partner.

Notably, Nvidia previously signed leases worth up to $50 billion for the entire 1-gigawatt data center facility that Hut 8 is building in Texas. Hut 8 has fully commercialized the site with $19.6 billion in base-term contracts for 1 GW of capacity built to Nvidia DSX reference architecture, with initial delivery expected in Q2 2028.

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