According to CoinMeta, Hut announced the sale of approximately 3,100 BTC to be used for share repurchases. Of these, 954 BTC are designated for repurchases in the third quarter, amounting to $74.7 million, while 2,100 BTC are set aside for repurchases after the quarter, with a value of $175.3 million. The repurchase authorization has been increased to $1 billion. In addition, a second 352-megawatt lease agreement has enabled the commercialization of the Beacon Point AI campus, raising the expected contract value of Hut's and AI's business portfolio to about $26.6 billion. The first data center is expected to be delivered in the second quarter of 2027.