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Hut 8 Secures $7 Billion AI Data Center Deal

12/18/2025

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Summary

Story summary

Hut 8 Corp. announced a 15-year, $7 billion lease with Fluidstack for 245 megawatts of artificial intelligence (AI) data center capacity at River Bend, Louisiana, backed by Google.
The deal could expand to $17.7 billion if renewal options are exercised.
Construction will begin, with the first data hall targeted to be operational by Q2 2027.
The project will create about 75 direct and 193 indirect jobs.

History

Historical Context

In 2006, Google announced a $600 million investment in a South Carolina data center, creating around 200 jobs and reflecting the rising demand for digital infrastructure. This trend continued with Hut 8 Corp.'s $7 billion lease with Fluidstack in 2023 for AI data center capacity in Louisiana, highlighting the tech industry's focus on cloud computing and its potential for economic growth.

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Story summary

Hut 8 Corp. announced a 15-year, $7 billion lease with Fluidstack for 245 megawatts of artificial intelligence (AI) data center capacity at River Bend, Louisiana, backed by Google.
The deal could expand to $17.7 billion if renewal options are exercised.
Construction will begin, with the first data hall targeted to be operational by Q2 2027.
The project will create about 75 direct and 193 indirect jobs.

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