Bitcoin (BTC) miner Hut 8 News: $7B Google-backed deal sends stock soaring
Hut 8's stock surged 20% following a landmark 15-year, $7 billion AI data center lease with Fluidstack, financially backed by Google.Summary
Bitcoin miner Hut 8 (HUT) experienced a 20% pre-market stock surge after announcing a significant 15-year, $7 billion long-term lease agreement with AI infrastructure firm Fluidstack. This deal secures 245 megawatts (MW) of IT capacity at Hut 8's River Bend campus in Louisiana, with options for up to 1,000 additional MWs. Google is providing a financial backstop for the base lease term, which is expected to generate approximately $454 million in net operating income annually for Hut 8 over 15 years. The facility is slated to begin commissioning in the second quarter of 2027, with development costs largely covered by project-level debt financing underwritten by JPMorgan and Goldman Sachs. This move deepens Hut 8's strategic pivot toward AI infrastructure, mirroring a similar Google-backed deal recently secured by Cipher Mining.
(Source：CoinDesk)