Hut 8's Texas site sits within Anthropic's $35B AI deal

Hut 8's Texas campus has two long-term leases worth $19.6 billion — more than 260 times its latest quarterly revenue — as AI companies race to secure power and data-center capacity. The site sits inside Anthropic's $35 billion AI deal, highlighting the growing intersection of crypto mining infrastructure and AI compute demand.

• Hut 8's Texas campus is part of a broader trend of bitcoin miners repurposing their power assets for AI workloads.
• The scale of the leases underscores how valuable energy access has become in the AI arms race.