Hut 8 shares surge 25% as bitcoin miner seals AI deal with Anthropic and Fluidstack, signs $7 billion data center lease
Hut 8 partnered with Anthropic and Fluidstack for AI infrastructure, securing a $7 billion, 15-year data center lease, causing its stock to jump 25%.Summary
Bitcoin miner Hut 8 announced a significant expansion into AI infrastructure by partnering with Anthropic and Fluidstack to deploy hyperscale AI data centers in the US. Under the agreement, Hut 8 will deliver between 245 MW and 2,295 MW of AI data center capacity for Anthropic, utilizing high-performance compute clusters managed by Fluidstack. The initial phase involves developing 245 MW at Hut 8's River Bend campus in Louisiana. Concurrently, Hut 8 disclosed signing a 15-year, triple-net lease with Fluidstack for this initial 245 MW capacity, valued at $7 billion over the base term, with renewal options potentially increasing the total value to $17.7 billion. Google is providing a financial backstop for the lease payments. The initial facility is slated for completion in Q2 2027. Following this news, Hut 8's stock surged over 25% in pre-market trading.
(Source：The Block)