Hut 8 Inks $19.6B Power Leases in Anthropic AI Megadeal
Bitcoin miner Hut 8 secured $19.6 billion in long-term Texas campus leases tied to Anthropic's massive AI push.
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Key takeaways
- Hut 8 locked in two long-term leases valued at $19.6 billion at its Texas facility.
- The contract value is over 260 times the company's recent quarterly revenue.
- The deal sits inside a broader $35 billion AI infrastructure push by Anthropic.
Bitcoin miner Hut 8 just locked down two gigantic long-term leases valued at $19.6 billion at its Texas site. This deal anchors directly into Anthropic's even bigger $35 billion AI infrastructure buildout.
Power becomes the priority
AI companies are desperate for juice. They need huge data centers, reliable grids, and massive power drops right now—and crypto miners already spent years building them.
Hut 8's new leases prove just how absurdly prized that plug-and-play capacity is today. Put that $19.6 billion number next to reality: it's over 260 times what the company pulled in for its entire latest quarter. Wild scale shift.
Why it matters
If you hold mining stocks or follow digital infrastructure, the floor is moving. Mining outfits aren't banking solely on bitcoin's fickle price to pay their electricity bills anymore. Leasing spare wattage to AI behemoths gives players like Hut 8 stable, multi-year cash flow that cushions them against ugly crypto pullbacks and shrinking block rewards.
Source: CoinDesk
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Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
