Matthew sigel: Hut 8 secures 9.8B lease, IREN raises cloud target to $4B

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Hut 8 inks $9.8B lease, IREN lifts cloud ARR

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Mikhail Vnuchkov

20.07.2026

Matthew sigel: Hut 8 secures 9.8B lease, IREN raises cloud target to $4B — Hut 8 inks $9.8B lease, IREN lifts cloud ARR

matthew sigel reports that Hut 8 has obtained a second 15-year triple-net lease valued at $9.8 billion for 352 megawatts of IT capacity.

IREN has increased its year-end cloud annual recurring revenue target to over $4 billion from $3.7 billion and signed $2.8 billion in new multi-year customer contracts.

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Matthew Sigel previously reported that Strategy’s recent $135 million BTC sale does not count toward its $1.25 billion Monetization Program cap, according to company disclosures (article). He has also highlighted Canaccord’s view that Strategy’s BTC acquisition model is most effective with forward movement and leverage (article). These updates provide further context for recent developments in digital asset infrastructure and corporate financing.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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