Hut 8, a Bitcoin
$89,645.94
mining firm, secured a 15‑12 months lease price $7 billion to supply 245 megawatts of synthetic intelligence (AI) information heart capability at its River Bend campus in Louisiana.
Development has already began, with the primary information corridor anticipated to be full by the second quarter of 2027. Extra halls ought to log on throughout the next 12 months.
In response to a December 17 announcement, the lease was made doable via a take care of infrastructure operator Fluidstack. On this setup, Google serves as a monetary backstop.
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If Fluidstack is unable to satisfy lease funds or different associated obligations, Google will step in to cowl these prices.
Funding for the River Bend mission will come from loans tied to the info heart. A number of main banks are anticipated to finance many of the development bills. This strategy reduces the upfront capital Hut 8 must commit.
Hut 8 CEO Asher Genoot acknowledged:
River Bend displays the power of Hut 8’s power-first, innovation-driven growth mannequin, validated by the world-class counterparties we’re executing alongside.
Moreover, Noah Wintroub, international chairman of funding banking at JPMorgan, described the settlement as proof of lasting worth when revolutionary concepts meet teamwork and monetary self-discipline.
This settlement expands Hut 8’s presence within the AI infrastructure trade, an initiative launched in September 2024 when the corporate launched its GPU‑as‑a‑Service choice via its Highrise AI unit.
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