Bitcoin Miner Hut 8 Secures Google-Backed Deal to Build Up to 2.3 GW of AI Capacity

Bitcoin miner Hut 8 Corp. announced a major AI infrastructure partnership with AI model developer Anthropic and compute provider Fluidstack, signaling a pivot toward large-scale energy and data center development. Under the agreement, Hut 8 will develop between 245 MW and 2,295 MW (2.3 GW) of AI-focused data center capacity in the U.S., starting with a 245 MW deployment at its River Bend campus in Louisiana, expected to be completed by early 2027.

The project is anchored by a 15-year triple-net lease with Fluidstack valued around $7 billion, with Alphabet-owned Google providing a financial backstop for lease payments and operating obligations. This deal reflects a broader industry trend where former crypto miners are repurposing energy-intensive infrastructure for AI workloads. Following the announcement, Hut 8 shares surged significantly, rewarding investors for the strategic shift toward AI infrastructure, which CEO Asher Genoot described as addressing the core challenge of scaling frontier AI: power.

Anthropic's head of compute, James Bradbury, noted that Hut 8's ability to deliver infrastructure at scale provides necessary runway for advancing their models. Despite execution risks related to power delivery and construction, the deal positions Hut 8 as a key player bridging energy, AI, and large-scale digital infrastructure.

(Source：Bitcoin Magazine)