Bitcoin Miner Hut 8 Shares Rise After AI Data Center Deal

Bitcoin miner Hut 8 shares climbed sharply on Wednesday after the company announced a major data center agreement focused on artificial intelligence. This highlights its shift away from pure mining toward long-term infrastructure revenue tied to growing computing demand worldwide in today’s markets.

Hut 8 Shares Respond To New Data Center Plan

According to TheBlock’s report, Hut 8 shares jumped after news of a partnership with Anthropic and Fluidstack to build large-scale AI data centers in the United States. The first phase will be built at the River Bend site in Louisiana. 

It includes 245 megawatts of IT capacity backed by 330 megawatts of power. The agreement allows later expansion at the same location and across other Hut 8 sites. 

The plan could lift total capacity to more than two thousand megawatts. Investors focused on the long timeline and steady income tied to long-term leases rather than short-term price swings linked to bitcoin markets. 

Notably, this reaction reflected confidence in predictable cash flow and reduced exposure to mining cycles over the coming years globally.

Why Hut 8 Is Changing Its Business Direction

Although Hut 8 began as a bitcoin miner, its assets include land, power access, and cooling systems. These features can support graphics processors used for artificial intelligence.

Also, Mining machines themselves cannot perform AI tasks, but the surrounding infrastructure remains valuable. By shifting toward hosting computing hardware, Hut 8 aims to lower its dependence on digital asset prices. 

Management said power availability is the core challenge in modern computing projects. The company believes that combining power supply with purpose-built facilities creates a stable business model. 

This move reflects a wider trend among miners seeking reliable income during periods of market uncertainty as demand for data center space continues rising across the United States and beyond today for long term growth planning efforts.

Lease Terms And Financial Backing Details

Hut 8 also signed a 15 year lease with Fluidstack valued near seven billion dollars. The tenant will cover taxes, insurance, and maintenance costs. The deal includes renewal options that could raise total value over time. 

Google is backing lease payments during the base term, reducing financial risk. Hut 8 expects the project to generate nearly seven billion dollars in net income across fifteen years. Construction is scheduled to finish in 2027.

Local utilities secured power capacity, while banks led by JPMorgan will provide financing for most of the build. The site is expected to create hundreds of jobs during construction and later operations, boosting local economic activity steadily over time in Louisiana communities statewide overall today, according to estimates.

Meanwhile, JPMorgan recently launched a new tokenized money-market fund on the Ethereum blockchain, marking a significant step in its digital finance strategy.