AI Data Center

Hut 8 and IREN led a sharp Monday rebound in bitcoin mining stocks after announcing major AI infrastructure contracts. The deals helped ease investor concerns that demand for new data center capacity could be cooling.

Empery Digital has sold 1,400 bitcoin for $62,200 each, raising $87.1 million to help fund an AI data center opportunity in the Midwest. The move marks a sharp turn away from the company’s bitcoin treasury ambitions, with management saying it has no plans to accumulate more BTC and may sell additional coins.