Catenaa, Wednesday, December 24, 2025-Shares of Hut 8 rose about 25% on Wednesday after the bitcoin miner said it secured a major artificial intelligence infrastructure partnership and signed a long-term data center lease valued at billions of dollars.
The company announced an agreement with AI firm Anthropic and infrastructure operator Fluidstack to develop hyperscale AI data centers across the United States.
Hut 8 said it will deliver at least 245 megawatts and up to 2,295 megawatts of AI-focused capacity using high-performance compute clusters operated by Fluidstack.
The first phase will be built at Hut 8’s River Bend campus in Louisiana, with an initial 245 megawatts of IT capacity supported by 330 megawatts of utility power.
Later phases include an option for up to 1,000 additional megawatts at the same site and potential joint projects totaling more than 1,000 megawatts across Hut 8’s broader development pipeline.
Alongside the partnership, Hut 8 disclosed it signed a 15-year triple-net lease with Fluidstack for the initial River Bend facility.
The base term is valued at about $7 billion, with renewal options that could raise the total value to nearly $18 billion. Google is providing financial backing for lease payments during the initial term.
Hut 8 said the project is expected to generate about $6.9 billion in net operating income over 15 years.
The company plans to fund construction largely through debt financing, with JPMorgan and Goldman Sachs expected to act as loan underwriters.
Completion of the first facility is targeted for the second quarter of 2027.
The move highlights a growing shift among bitcoin miners toward AI data centers, as demand for power, cooling and large-scale compute infrastructure accelerates.
