According to ChainCatcher, as reported by CoinDesk, the pre-market stock price of Nasdaq-listed Bitcoin mining company Hut 8 rose to just below $30, an increase of over 11.75% compared to Wednesday's closing price of $26.69. The market speculates that Hut 8 is collaborating with Meta Platforms (META), the parent company of Facebook, to build a data center.
It is reported that Hut 8 is building a data center in West Feliciana Parish, Louisiana, with an initial cost of $12 billion.
According to Reuters, earlier this month, Meta also announced plans to build an artificial intelligence data center in Richland Parish, Louisiana, worth approximately $10 billion. Bitcoin miners and artificial intelligence data centers have similarities in the equipment, computing power, and energy required for operation, leading to market speculation that Hut 8 has reached a partnership with Meta, although this has not been officially announced. As of the time of publication, neither Hut 8 nor Meta has responded to this matter.