Crypto Giant Hut 8 Scores a $7B Google AI Data Center Lease! 🤣💸

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In the grand theater of modern folly, behold: Hut 8, the noble Bitcoin diggers, have managed to conjure up a grand 15-year-yes, fifteen-year lease for a staggering $7 billion! 🤑 They shall deliver 245 megawatts of artificial intelligence data center capacity at their River Bend estate in Louisiana, turning the swamp into a digital goldmine-or so they hope. Truly, the stuff of legends-or a nightmare dressed as a daydream.

Now, brace yourselves! Infrastructure overlords Fluidstack shall rent this technological castle while Google, the ever-watchful benefactor, shall splash out the cash if Fluidstack dares to falter. Imagine Google as the fairy godmother waving her wand over this magician’s circus-covering what the clowns can’t pay! 🎪✨

“River Bend reflects the strength of Hut 8’s power-first, innovation-driven development model,” proclaimed the CEO, Asher Genoot. Or perhaps he meant to say, “We’re just throwing money at blinking lights, but look, we sound important!” 🎤🤡 That agreement was born out of patience, discipline, and a generous dash of blind faith.

The construction is already underway-probably with more enthusiasm than skill-and the first data hall is scheduled to be ready by 2027. Yes, 2027-mark your calendars, folks! The future awaits, perhaps with less chaos, or more? Only time will tell. Or perhaps the next crypto crash. Cheers! 🍻

Google as the Financial Fairy Godmother? Or Just the Wallet? 💰🧚‍♂️

Google’s role is as the ultimate safety net-covering lease payments, obligations, and possibly the costs of their own overambitious ambitions. Hut 8 and Fluidstack will also sign a management agreement, with Google promising to pay even more to keep the lights on-or the servers running, as they say in the land of techno-magic.

The project is financed by loans from major banks, so Hut 8 can pretend they’re frugal while others foot the bill. Truly a symphony of financial wizardry-or just smoke and mirrors! 🎭🧐

“River Bend demonstrates that when Hut 8 combines innovative thinking, a well-coordinated team, and a touch of institutional discipline-well, it turns into real, enduring value,” quipped Noah Wintroub, probably after a few drinks at JPMorgan Chase. Cheers to that! 🥂

This whole circus is an extension of Hut 8’s foray into AI, which started in 2024 with GPU services, deploying over a thousand Nvidia H100 GPUs. Maybe they’ll mine Bitcoin with AI, or maybe just waste electricity-who’s counting? 🧠⚡

Crypto Companies Put Their Money Where the Datas Are! 🚀

In a story straight out of fantasy, Core Scientific signed a $3.5 billion deal with CoreWeave to rent infrastructure for 12 years, yielding nearly $290 million annually. Because nothing says stability like a big number and a handshake! 🤝

Meanwhile, Galaxy Digital, never one to stay behind, expanded its Helios AI data center in Texas after securing a cool $1.4 billion loan-because who doesn’t love borrowing billions? They’re betting big-probably with Monopoly money, but still.

And CoreWeave? They leased infrastructure from Galaxy Digital for 15 years, planning to make a billion a year-think of the parties! 🎉💸 The giants of crypto and AI continue their dance, high on hope and borrowed cash.

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2025-12-17 17:22