Hut 8's Texas Power Site Entangled in $35 Billion AI Deal
Hut 8, a cryptocurrency mining company, has found itself at the center of a $35 billion AI deal involving Anthropic. The connection lies in Hut 8's Texas power site, which is home to two long-term leases worth $19.6 billion.
This staggering figure dwarfs Hut 8's latest quarterly revenue by more than 260 times, highlighting the intense competition for data-center capacity and power supply among AI companies.