The agreement with Fluidstack covers 245 megawatts at Hut 8's River Bend campus in Louisiana, valued at $7 billion with potential extensions to $17.7 billion. It supports a partnership with Al firm Anthropic, aiming for up to 2,295 megawatts of infrastructure ready by early 2027. CEO Asher Genoot hailed it as proof of their power-focused strategy, backed by partners like J.P. Morgan and Entergy Louisiana. The news boosted Hut 8 shares over 20%, with Louisiana officials noting hundreds of new jobs ahead.

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