Hut Eight Pivots to AI Infrastructure, Secures $17.7B Deal
Update: 2025-12-18
Description
Hut eight, known for cryptocurrency mining, is shifting focus to AI infrastructure with a $7 billion deal for Anthropics data center in Louisiana. This move, backed by Googles financial guarantee, has boosted investor confidence, leading to a significant stock surge. The project, with a potential capacity of 2,300 megawatts, is expected to deliver the first data hall in Q2 2027.
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