Hut 8 Secures 15-Year Lease with Fluidstack, Stock Rises 25%
- Hut 8 signed a 15-year lease agreement with Fluidstack for 245 megawatts of IT capacity at its River Bend campus in Louisiana.
- The base-term contract is valued at $7 billion, potentially reaching $17.7 billion with all renewal options.
- The lease includes annual rent escalators and offers Fluidstack a right of first offer for an additional 1,000 megawatts of expansion capacity.
- Google provides financial backing for the lease payments and related obligations over the term.
- Hut 8’s stock surged approximately 25% premarket following the announcement of the Google-backed lease.
Hut 8’s strategic partnership with Fluidstack, supported by Google, underscores its commitment to expanding AI and high-performance computing infrastructure. The company’s stock experienced a notable increase following this significant development.
Source (3.2)https://cryptobriefing.com/bitcoin-mining-partnership-hut8-google-fluidstack/?rand=59535
