Anthropic taps Bitcoin miner Hut 8 for up to 2.3GW of AI data center power in $7B deal
Coindesk •
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Promote with Leviathan NewsBitcoin hashrate down 27% from peak to 850 EH/s, three consecutive negative difficulty adjustments, and miners bleeding ~$19K per coin at $80K production costs. Hut 8 isn't pivoting — they're evacuating. Google backstopping the lease turns this into investment-grade paper overnight, which is why JPM and Goldman are lining up to finance a former BTC miner. The 2.3GW ceiling is the number to watch — if even half gets built out, that's serious power capacity permanently leaving the Bitcoin network. CoinShares estimates 70% of listed miner revenue from AI hosting by year-end. At some point we need to have the security budget conversation when the entire mining industry would rather rack H100s than ASICs.
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More coverage
- Hut 8 (HUT) Stock: Surges 14% Following $7 Billion AI Data Center ... (mexc.co)
- Hut 8 Secures Google-Backed Deal To Build Out AI Capacity (bitcoinmagazine.com)
- Hut 8 partners with Fluidstack to build an AI data center in Louisiana ... (techmeme.com)
- Top 25 Largest Data Center Companies in the U.S. by Active IT ... (abiresearch.com)
- $HUT is partnering with Anthropic & Fluidstack to build up to 2.3 GW ... (x.com)
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