Hut 8 and Fluidstack's $7 Billion Deal

Hut 8's Stock Prices Increased by 20% in Pre-Market

Hut 8 Mining Corp (HUT) has signed a 15-year lease agreement valued at a total of 7 billion dollars with Fluidstack. Under the agreement, a total of 245 megawatts of IT capacity will be provided at the River Bend campus. Additionally, the potential value of the contract is expected to reach 17.7 billion dollars with three 5-year renewal options.

Google is providing financial support for the main lease term, while JPMorgan and Goldman Sachs are set to cover approximately 85% of the project's financing. Hut 8's shares have seen a 20% increase in pre-market trading.