The post $7B Google-backed deal sends stock soaring appeared on BitcoinEthereumNews.com. Hut 8 (HUT) shares are up 20% in pre-market trading after the company announcedThe post $7B Google-backed deal sends stock soaring appeared on BitcoinEthereumNews.com. Hut 8 (HUT) shares are up 20% in pre-market trading after the company announced

$7B Google-backed deal sends stock soaring

Hut 8 (HUT) shares are up 20% in pre-market trading after the company announced a landmark long term AI data center lease with Fluidstack.

The bitcoin and AI miner announced it has signed a 15 year, $7 billion lease with AI infrastructure firm Fluidstack for 245 megawatts (MW) of IT capacity at its River Bend campus in Louisiana. It also grants Fluidstack a Right of First Offer (ROFO) for up to an additional 1,000 megawatts of IT capacity as the campus expands.

The agreement includes three 5 year renewal options, increasing the potential total contract value to approximately $17.7 billion.

Google is providing a financial backstop for the base lease term, significantly reducing counterparty risk. Hut 8 expects the deal to deliver $6.9 billion of cumulative net operating income over 15 years, or around $454 million per year.

The River Bend facility is scheduled to begin commissioning in the second quarter of 2027, with project level debt financing expected to cover up to 85% of total development costs. JPMorgan is acting as lead left underwriter, alongside Goldman Sachs.

The announcement follows Cipher Mining’s (CIFR) recent 10-year high performance computing deal with Fluidstack, which also included Google backing.

Source: https://www.coindesk.com/markets/2025/12/17/hut-8-stock-surges-20-on-fluidstack-ai-data-center-deal

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