Hut 8 Stock Surges 14% on $7B AI Data Center Deal with Google-Backed Anthropic
Hut 8 Corp. (HUT) shares rallied 14.67% to $42.25 after announcing a transformative $7 billion AI infrastructure partnership. The Bitcoin miner turned AI infrastructure player will collaborate with Fluidstack to build a 245-megawatt data center in Louisiana, designed specifically to power Anthropic's Claude AI systems.
Google emerges as the financial anchor of the 15-year agreement, joined by Wall Street giants J.P. Morgan and Goldman Sachs. The deal includes provisions for 330 megawatts of additional utility power capacity, signaling Hut 8's strategic pivot from cryptocurrency mining to enterprise AI infrastructure.
The River Bend campus development marks a watershed moment for Hut 8's transformation. As one analyst noted: 'This isn't just a power purchase agreement - it's a wholesale reinvention of their business model.' The company's planned expansion to 2.3GW capacity positions it as a serious contender in the AI infrastructure arms race.
