{"id":5843,"date":"2025-12-17T15:16:40","date_gmt":"2025-12-17T15:16:40","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/12\/17\/bitcoin-miner-hut-8-secures-google-backed-deal-to-build-up-to-2-3-gw-of-ai-capacity\/"},"modified":"2025-12-17T15:16:40","modified_gmt":"2025-12-17T15:16:40","slug":"bitcoin-miner-hut-8-secures-google-backed-deal-to-build-up-to-2-3-gw-of-ai-capacity","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/12\/17\/bitcoin-miner-hut-8-secures-google-backed-deal-to-build-up-to-2-3-gw-of-ai-capacity\/","title":{"rendered":"Bitcoin Miner Hut 8 Secures Google-Backed Deal to Build Up to 2.3 GW of AI Capacity"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Miner Hut 8 Secures Google-Backed Deal to Build Up to 2.3 GW of AI Capacity<\/a><\/p>\n

<\/div>\n

Hut 8 Corp. announced a sweeping AI infrastructure partnership on Wednesday with AI model developer Anthropic and compute provider Fluidstack, marking a pretty clear signal that the bitcoin miner is pivoting to a large-scale energy and data center developer.<\/p>\n

Under the agreement, Hut 8 will develop between 245 megawatts (MW) and up to 2,295 MW of AI-focused data center capacity in the United States, beginning with a flagship project at its River Bend campus in Louisiana.\u00a0<\/p>\n

The partnership<\/a> is structured across multiple tranches, creating a pathway to scale from an initial deployment to gigawatt-level infrastructure over time.<\/p>\n

The first phase centers on a 245 MW IT deployment<\/a> at River Bend, supported by roughly 330 MW of utility power. Hut 8 will develop the site, while Fluidstack will operate high-performance compute clusters for Anthropic. Construction of the initial data halls is expected to be completed by early 2027.<\/p>\n

Beyond the initial phase, Fluidstack has secured a right of first offer for up to an additional 1,000 MW of IT capacity at River Bend, contingent on further power expansion.\u00a0<\/p>\n

A third tranche gives Hut 8 and Anthropic the option to jointly diligence and develop up to 1,050 MW of additional capacity across Hut 8\u2019s broader development pipeline.<\/p>\n

Financially, the River Bend project is anchored by a 15-year triple-net lease with Fluidstack valued at approximately $7 billion over the base term, with total contract value rising to roughly $17.7 billion if all renewal options are exercised.\u00a0<\/p>\n

Alphabet-owned Google is providing a financial backstop covering lease payments and certain operating obligations over the base term, underscoring the strategic importance of securing long-term AI compute capacity, per Reuters reporting.\u00a0<\/p>\n

\n

JUST IN: #Bitcoin<\/a> mining company Hut 8 just announced it partnered with Google for financial backing on a 15-year lease.<\/p>\n

Bullish pic.twitter.com\/NQN9JmW0ob<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) December 17, 2025<\/a>\n<\/p><\/div>\n

Hut 8 ($HUT) stock soars<\/h2>\n

Hut 8 shares surged more than 20% in premarket trading following the announcement, extending a rally that has seen the stock rise roughly 80% year-to-date.\u00a0<\/p>\n

Investors appear to be rewarding the company\u2019s pivot toward AI infrastructure<\/a> at a time when access to power, cooling, and suitable real estate has become a bottleneck for leading model developers.<\/p>\n

\u201cScaling frontier AI infrastructure is, at its core, a power challenge,\u201d Hut 8 CEO Asher Genoot said in a statement, emphasizing the company\u2019s \u201cpower-first\u201d development strategy.\u00a0<\/p>\n

He added that the partnership aligns power sourcing, data center design, and compute deployment into a single integrated platform capable of operating at gigawatt scale.<\/p>\n

For Anthropic, the deal expands an existing relationship with Fluidstack and provides a new channel for bringing capacity online as demand for advanced models continues to grow.<\/p>\n

\u201cHut 8\u2019s ability to source and deliver infrastructure at scale provides the runway necessary to continue advancing the capabilities of our models,\u201d said James Bradbury, Anthropic\u2019s head of compute.<\/p>\n

The agreement also reflects a broader industry shift. Former crypto miners<\/a> such as Hut 8, CoreWeave, or Bitfarms are increasingly repurposing<\/a> their energy-heavy infrastructure for AI workloads as demand for Nvidia-powered compute accelerates.\u00a0<\/p>\n

While execution risk remains \u2014 particularly around power delivery timelines and construction\u2014 Hut 8\u2019s latest deal positions it among a small but growing group of firms bridging the worlds of energy, AI, and large-scale digital infrastructure.<\/p>\n

Hut 8 recently reduced some of its bitcoin holdings by 389 BTC during the last month, standing out among a small group of miners and corporates trimming exposure. <\/p>\n

While some firms added<\/a> modest amounts and ETF flows turned positive, the data points to a split market in which Hut 8 and a few others acted as sellers amid pressure, contrasting with disciplined treasury buyers and programmatic accumulation elsewhere.<\/p>\n

At the time of writing, Hut 8 shares are up 17%. Earlier in pre-market trading, shares were up over 25% at times. The price per share is currently $43.75. <\/p>\n

This post Bitcoin Miner Hut 8 Secures Google-Backed Deal to Build Up to 2.3 GW of AI Capacity<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Miner Hut 8 Secures Google-Backed Deal to Build Up to 2.3 GW of AI Capacity Hut 8 Corp. announced a sweeping AI infrastructure partnership on Wednesday with AI model developer Anthropic and compute provider Fluidstack, marking a pretty clear signal that the bitcoin miner is pivoting to a large-scale energy and data […]<\/p>\n","protected":false},"author":0,"featured_media":5844,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5843"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5844"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}