Hut Eight's $7B AI Data Center Deal Boosts Stock
Update: 2025-12-17
Description
Hut eight shares surged by 20% in pre-market trading after announcing a $7 billion, 15-year AI data center lease with Fluidstack. The deal includes a 245 MW IT capacity lease at Hut eights River Bend campus, with Google providing financial backing and reducing risk for Hut eight. The agreement anticipates generating $6.9 billion in net operating income over 15 years, with JPMorgan and Goldman Sachs leading project-level debt financing.
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