US EditionHut 8 Stock Soars On Mega Data Center Lease With Fluidstack - Hut 8 (NASDAQ:HUT)
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7 Articles
Hut 8 signed a lease agreement with Fluidstack for AI data center for a period of 15 years. The agreement, backed by Google, boosted the price of Hut 8 shares over 20% on pre-opening. *** Hut 8 signed a lease agreement with Fluidstack for AI data center for 15 years. The agreement, valued at approximately $7 billion, is backed by Google. Hut 8 shares were shot more than 20% prior to market opening. Bitcoin mining is the last to sign an IA infras…
Hut 8 (HUT) Stock: Company Lands Massive $7 Billion AI Data Center Deal
TLDR Hut 8 signed a 15-year lease for 245 MW of AI data center capacity at River Bend campus valued at $7 billion Google is providing a financial backstop covering obligations for the entire 15-year base lease term The contract could reach $17.7 billion if all renewal options are exercised Hut 8 partnered with Anthropic and Fluidstack to deliver GPU-based infrastructure for AI models Major financial and technology firms including J.P. Morgan, G…
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