Hut 8 stocks soar thanks to AI data center deal with Anthropic

2025-12-24 06:27:23

Abstract generation in progress

Hut 8 stock rose about 25% on Wednesday after this Bitcoin mining company announced a large-scale AI infrastructure agreement (AI) along with a long-term data center lease contract worth billions of USD.

Hut 8 stated that it has partnered with AI company Anthropic and infrastructure operator Fluidstack to develop ultra-scale AI data centers across the United States. According to the plan, Hut 8 will provide a minimum of 245 MW and a maximum of 2,295 MW of AI-serving capacity, utilizing high-performance computing clusters operated by Fluidstack.

The initial phase is being built at the River Bend (Louisiana) site, with 245 MW of IT capacity supported by 330 MW of grid power. Subsequent phases could expand by more than 2,000 MW. Meanwhile, Hut 8 has signed a 15-year “triple-net” lease agreement with Fluidstack, with a base value of approximately $7 billion and potentially up to nearly $18 billion if extended. Google will provide financial support for the initial rent phase.

The project is expected to generate about $6.9 billion in net operating income over 15 years, with the first phase completing in Q2/2027, indicating a trend of Bitcoin miners shifting strongly toward AI data centers.

BTC0.27%

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