Hut 8 signts 15-year, 245MW AI data center lease with $7B contract value

Hut 8 (HUT) “announced that it has signed a 15-year, $7.0 billion lease with Fluidstack for 245 megawatts of IT capacity at its River Bend data center campus in Louisiana. The Agreement grants Fluidstack a Right of First Offer for up to an additional 1,000 MW of IT capacity at future expansion phases of the campus, subject to the expansion of power at the site.”