Hut 8 Signs $7 Billion AI Computing Lease Agreement with Fluidstack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Hut 8's Strategic Shift: Hut 8 Corp. has entered a $7 billion, 15-year lease agreement with Fluidstack to focus on AI infrastructure, moving away from Bitcoin mining.
Key Partnerships: The initiative involves major partners including Google for financial backing, Entergy for power supply, and underwriting support from J.P. Morgan and Goldman Sachs.
Market Evolution: This transition reflects a broader industry trend towards AI, with expectations of increased revenue streams and diversification for Hut 8.
Future Considerations: While immediate regulatory reactions are not evident, the shift may attract scrutiny, and Hut 8 will need to adapt technologically to succeed in the AI sector.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







