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Hut 8 Signs 15-Year, 245 MW AI Data Center Lease at River Bend Campus with Total Contract Value of $7.0 Billion
Hut 8 Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases, today announced that it has signed a 15-year, $7.0 billion lease (the "Agreement") with Fluidstack for 245 megawatts (MW) of IT capacity at its River Bend data center campus in Louisiana (the "Transaction"). The Agreement grants Fluidstack a Right of First Offer (ROFO) for up to an a
About this update from Vertiv Holdings, Llc
[{"type":"text","content":"15-year 245 MW IT lease valued at $7.0 billion over the base term and up to $17.7 billion if all renewal options are exercised","length":126,"tagName":"p"},{"type":"text","content":"Google providing a financial backstop covering obligations for the 15-year base lease term","length":90,"tagName":"p"},{"type":"text","content":"Hut 8 to implement an institutional-grade execution model designed to de-risk project delivery with blue-chip counterparties—Entergy (NYSE: ETR), J.P. Morgan (NYSE: JPM), Goldman Sachs (NYSE: GS), Vertiv (NYSE: VRT), and Jacobs (NYSE: J)","length":237,"tagName":"p"},{"type":"text","content":"MIAMI, Dec. 17, 2025 /PRNewswire/ -- Hut 8 Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases, today announced that it has signed a 15-year, $7.0 billion lease (the "Agreement") with Fluidstack for 245 megawatts (MW) of IT capacity at its River Bend data center campus in Louisiana (the "Transaction"). The Agreement grants Fluidstack a Right of First Offer (ROFO) 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.","length":699,"tagName":"p"},{"type":"image","alt":"Rendering of Hut 8's River Bend data center campus in Louisiana","displaySize":"","headline":null,"caption":"Rendering of Hut 8's River Bend data center campus in Louisiana","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/97d58197b5589b1bebf3d8018bbbc7e9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/d6WL9c4x.uh9LRhAweJrqg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/97d58197b5589b1bebf3d8018bbbc7e9","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2847495/River_Bend_Rendering.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Transaction Highlights","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Lease Structure: Triple net (NNN) lease.","length":40,"tagName":"p"}]},{"val":[{"type":"text","content":"Base-Term Contract Value: Total contract value of $7.0 billion ov...