"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. The partnership is structured across multiple tranches, creating a pathway to scale from an initial deployment to gigawatt-level infrastructure over time. The first phase centers on a 245 MW IT deployment at River Bend, supported by roughly 330 MW of utility power."
"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. 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."
Hut 8 partnered with Anthropic and Fluidstack to develop 245–2,295 MW of AI-focused data center capacity in the U.S., starting at the River Bend campus in Louisiana. The multi-tranche structure begins with a 245 MW IT deployment supported by roughly 330 MW of utility power, with initial data halls due by early 2027. Fluidstack holds a right of first offer for up to 1,000 MW at River Bend, and Hut 8 and Anthropic can jointly pursue up to 1,050 MW across the broader pipeline. The River Bend project is under a 15-year triple-net lease valued at about $7 billion base, rising to roughly $17.7 billion with renewals, with Google providing a financial backstop. Hut 8 shares jumped over 20% premarket and are up about 80% year-to-date.
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