Hut 8 signs 15-year AI lease backed by Google, stock jumps 25% premarket
Hut 8 secured a $7 billion, 15-year AI lease with Fluidstack, backed by Google, causing its stock to jump 25% premarket.Summary
Hut 8 announced a significant 15-year triple-net lease agreement with Fluidstack for 245 megawatts of IT capacity at its River Bend data center campus in Louisiana. The base contract is valued at $7 billion and could potentially reach $17.7 billion if all renewal options are exercised. Crucially, this agreement is supported by a financial backstop from Google, which guarantees lease payments over the 15-year term. Hut 8 CEO Asher Genoot stated that this deal validates their development strategy focused on power availability and execution with top-tier partners. Furthermore, Hut 8 is partnering with Anthropic and Fluidstack to develop extensive AI data center infrastructure in the US. Following the announcement, Hut 8's stock surged approximately 25% in premarket trading.
(Source：Crypto Briefing)