Hut 8 Secures $7 Billion AI Data Center Lease Backed by Google
- Hut 8 signed a 15-year, $7 billion lease for a 245 megawatt AI data center at its River Bend campus in Louisiana.
- Infrastructure provider Fluidstack will manage the lease, with Google providing financial backing for lease payments.
- Initial construction is underway, with the first data hall expected to be operational by the second quarter of 2027.
- The project will be financed through loans tied to the data center, minimizing upfront capital requirements for Hut 8.
- Hut 8’s involvement in AI began in 2024, launching a GPU-as-a-Service offering using over 1,000 Nvidia H100 GPUs.
This significant agreement highlights Hut 8’s commitment to expanding its role in the AI sector while leveraging institutional support from major players like Google and banks for financing.
The $7 billion lease underscores Hut 8’s strategic pivot towards AI infrastructure, with plans for multiple data halls coming online over the next year. (Source)
