Overview
- Hut 8 announced a multi-tranche partnership with Anthropic and Fluidstack starting with 245 MW at the River Bend campus in Louisiana, supported by about 330 MW of utility power.
- The structure grants Fluidstack a right of first offer for up to 1,000 MW of additional capacity at River Bend and contemplates up to 1,050 MW across Hut 8’s broader pipeline, establishing a pathway to roughly 2.3 GW.
- River Bend is anchored by a triple-net lease valued at about $7 billion over 15 years, potentially rising to roughly $17.7 billion with renewal options, with Google providing a financial backstop for the base term.
- Hut 8 will develop capacity for Anthropic while Fluidstack operates high-performance clusters, with Entergy, J.P. Morgan, Goldman Sachs, Vertiv, and Jacobs named as key power, financing, and delivery partners.
- Commissioning of the first data hall is targeted for Q2 2027 subject to power expansion, construction, permitting, and financing, and Hut 8 shares rose roughly 20–25% premarket on the announcement.