Hut Eight's $7B Data Center Deal with Google
Update: 2025-12-18
Description
Hut eight, a digital asset mining and data center company, secured a $7 billion, fifteen-year lease with AI infrastructure firm Fluidstack, backed by Google. This deal, involving 245 megawatts of power capacity at Hut eights River Bend data center, has been praised by financial analysts for its long duration, efficient power usage, and projected net operating income of $6.9 billion. The partnership is seen as a strategic shift for Hut eight, moving beyond cryptocurrency mining into broader data center and energy infrastructure. With 900 megawatts under development and another 1,255 megawatts under exclusivity, analysts believe this deal validates Hut eights transformation and reduces counterparty risk, positioning the company for continued growth.
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