Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Hut 8 stock surges 20% on Fluidstack AI data Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Hut 8 stock surges 20% on Fluidstack AI data

Hut 8 stock surges 20% on Fluidstack AI data center deal

Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Hut 8 stock surges 20% on Fluidstack AI data center deal

The bitcoin miner deepened its pivot into AI infrastructure with a $7 billion long term lease backed by Google.

By James Van Straten, AI Boost|Edited by Stephen Alpher
Updated Dec 17, 2025, 1:56 p.m. Published Dec 17, 2025, 1:56 p.m.
Hut 8 (TradingView)

What to know:

  • Hut 8 (HUT) signed a 15 year, $7 billion lease with Fluidstack for 245 MW of IT capacity at its River Bend campus, with three 5 year renewal options lifting potential contract value to about $17.7 billion.
  • Google is providing a financial backstop for the base lease term, while JPMorgan and Goldman Sachs are expected to lead up to 85% project level financing.
  • Hut 8 shares are up around 20% in pre-market trading.

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.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up


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.

Hut 8AIBitcoin NewsGoogle
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

Don't call it QE — the Fed's $40 billion bill buys may not shake crypto out of slump

There's a major difference between ensuring liquidity in short-term rate markets and the quantitative easing that juiced risk assets after during Covid and after 2008 financial panic.

What to know:

  • Alongside its rate cut last week, the Fed said it begin buying $40 billion is short-term Treasury paper, exciting the crypto community.
  • Digging into the details, one observer noted that this current operation is not the same as the central bank's QE programs that put such a charge into risk assets.
Read full story
Latest Crypto News

CoinDesk 20 Performance Update: NEAR Protocol Falls 4.1%, Leading Index Lower

The Deepfake Reckoning: Why Crypto’s Next Security Battle Will Be Against Synthetic Humans

Don't call it QE — the Fed's $40 billion bill buys may not shake crypto out of slump

Uniform Labs’ Multiliquid targets structural gap in $35 billion tokenized asset market

Moon Pursuit Capital launches $100 million market-neutral crypto fund

Top Stories

Don't call it QE — the Fed's $40 billion bill buys may not shake crypto out of slump

Memecoin boom turns into capitulation one year after $150 billion market peak

ETFs bleed, keeping bitcoin in stasis: Crypto Daybook Americas

Bitcoin trades near key price safety net that Strategy already breached

How China’s strengthening yuan could support bitcoin prices

Norway's sovereign wealth fund supports Metaplanet bitcoin plan ahead of EGM vote

Market Opportunity
Sleepless AI Logo
Sleepless AI Price(AI)
$0.03472
$0.03472$0.03472
-5.57%
USD
Sleepless AI (AI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
MMDA, sleep health organization launch drowsy driving campaign ahead of holidays

MMDA, sleep health organization launch drowsy driving campaign ahead of holidays

The Metro Manila Development Authority (MMDA) and the Philippine Society of Sleep Medicine (PSSM) on Wednesday launch an awareness campaign to prevent drowsy driving
Share
Bworldonline2025/12/18 12:05
A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release

A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release

The post A Netflix ‘KPop Demon Hunters’ Short Film Has Been Rated For Release appeared on BitcoinEthereumNews.com. KPop Demon Hunters Netflix Everyone has wondered what may be the next step for KPop Demon Hunters as an IP, given its record-breaking success on Netflix. Now, the answer may be something exactly no one predicted. According to a new filing with the MPA, something called Debut: A KPop Demon Hunters Story has been rated PG by the ratings body. It’s listed alongside some other films, and this is obviously something that has not been publicly announced. A short film could be well, very short, a few minutes, and likely no more than ten. Even that might be pushing it. Using say, Pixar shorts as a reference, most are between 4 and 8 minutes. The original movie is an hour and 36 minutes. The “Debut” in the title indicates some sort of flashback, perhaps to when HUNTR/X first arrived on the scene before they blew up. Previously, director Maggie Kang has commented about how there were more backstory components that were supposed to be in the film that were cut, but hinted those could be explored in a sequel. But perhaps some may be put into a short here. I very much doubt those scenes were fully produced and simply cut, but perhaps they were finished up for this short film here. When would Debut: KPop Demon Hunters theoretically arrive? I’m not sure the other films on the list are much help. Dead of Winter is out in less than two weeks. Mother Mary does not have a release date. Ne Zha 2 came out earlier this year. I’ve only seen news stories saying The Perfect Gamble was supposed to come out in Q1 2025, but I’ve seen no evidence that it actually has. KPop Demon Hunters Netflix It could be sooner rather than later as Netflix looks to capitalize…
Share
BitcoinEthereumNews2025/09/18 02:23