Hut 8 Texas site anchors Anthropic's $35B AI infrastructure deal

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Bitcoin miner Hut 8 has found itself at the center of a major AI infrastructure deal, with its Texas power campus included in Anthropic's $35 billion agreement. The site carries two long-term leases valued at $19.6 billion, a figure that dwarfs Hut 8's latest quarterly revenue by more than 260 times. The deal underscores the intensifying race among AI companies to lock in reliable power sources and data-center capacity. Anthropic's massive commitment reflects growing demand for energy-intensive computing infrastructure to support large-scale AI development.

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