Hut 8 Signs $7 Billion Long-Term Lease with Fluidstack for AI Infrastructure
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 23 2025- Stock Surge: Hut 8's shares jumped nearly 20% in pre-market trading following the announcement of a $7 billion long-term lease agreement with AI cloud provider Fluidstack, indicating strong market confidence in the deal.
- Agreement Details: The 15-year lease covers 245 megawatts of IT capacity with a 3% annual base rent escalation, projecting an average annual net operating income of $454 million and a total projected NOI of $6.9 billion, significantly enhancing the company's financial stability.
- Construction Timeline: Fluidstack's lease obligations are backed by Google, which lowers execution risk, with the first data hall expected to be delivered in Q2 2027 and additional halls scheduled later that year, further driving Hut 8's business growth.
- Strategic Shift: The lease agreement aligns with Hut 8's diversification strategy in the bitcoin mining sector, actively transitioning towards AI infrastructure, with potential future expansion to 1,000 megawatts of additional capacity, enhancing its competitiveness in the global data center market.
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.
