Hut 8 to Develop Nvidia-Leased Texas Data Center for Anthropic Deal
Hut 8 is shifting from Bitcoin-focused economics to monetizing its power portfolio and data-center infrastructure through long-term AI contracts. On Sept. 1 it confirmed plans for a Nueces County, Texas site to be leased by Nvidia under a $35B Anthropic computing agreement. The company also secured financing to build River Bend and Beacon Point, though delays and customer concentration pose execution and counterparty risks.