Hut 8 Joins Anthropic-Lambda Computing Deal Worth $35B

Hut 8's Beacon Point campus in Texas has joined a $35 billion computing deal between AI company Anthropic and cloud provider Lambda. The massive facility, built for scalability and with an existing grid connection, will provide powerful NVIDIA chips to compute power that Anthropic buys.

This is part of a growing trend where AI companies team up with Bitcoin miners to tap into their high-powered infrastructure. As mining profits drop, these miners are landing big contracts to repurpose their setups for AI work, making the most of their low-cost energy and speedy deployment.