NasdaqGS:HUTSoftware
Why Hut 8 (HUT) Is Down 6.6% After Google-Backed US$7 Billion AI Lease Announcement – And What's Next
Hut 8 Corp. recently announced it had signed a 15-year, US$7.0 billion lease with Fluidstack for 245 megawatts of AI-focused IT capacity at its River Bend data center campus in Louisiana, including renewal options that could lift the total contract value into the very large billions and a Right of First Offer over up to 1,000 megawatts of future expansion.
The company also unveiled a partnership with Anthropic and Fluidstack to deploy at least 245 megawatts and potentially up to 2,295...