In the dusty plains of the market, where numbers dance like tumbleweeds, a tale unfolds-a tale of greed, ambition, and the sweet, sweet smell of money. 🌾💰
The Lowdown: 🕵️♂️
- Hut 8 (HUT), a name that rolls off the tongue like a bad joke, has inked a 15-year, $7 billion lease with Fluidstack-a deal so big, it’d make a whale blush. 🐳 For 245 MW of IT capacity at its River Bend campus, no less. And get this: three 5-year renewal options could balloon the contract to a cool $17.7 billion. 🤑
- Google, the tech giant with pockets deeper than the Mariana Trench, is footing the bill for the base lease term. Meanwhile, JPMorgan and Goldman Sachs are swooping in like vultures to lead up to 85% of the project financing. 🦅
- Hut 8 shares? Up 20% in pre-market trading. The investors are clinking their glasses, toasting to the good life. 🥂
Ah, Hut 8 (HUT), the bitcoin and AI miner with dreams bigger than its britches. It’s struck a deal with Fluidstack, an AI infrastructure firm, for a whopping 245 megawatts of IT capacity at its River Bend campus in Louisiana. And just when you thought it couldn’t get any juicier, Fluidstack gets a Right of First Offer for an additional 1,000 megawatts as the campus grows. That’s right-1,000. 🌪️
The deal’s got more renewals than a bad Netflix series: three 5-year options, pushing the total contract value to $17.7 billion. Google’s backing the base lease, so Hut 8’s sleeping like a baby, knowing the risk’s as low as a tortoise’s heartbeat. 🌟
Hut 8’s expecting $6.9 billion in net operating income over 15 years-that’s $454 million a year, folks. The River Bend facility’s set to start humming in Q2 2027, with JPMorgan and Goldman Sachs leading the debt financing charge. Because, let’s face it, who doesn’t love a good debt-fueled party? 🎉
And let’s not forget Cipher Mining’s (CIFR) recent deal with Fluidstack, also backed by Google. Seems like everyone’s jumping on the Fluidstack bandwagon. 🚂
So there you have it, folks-a story of deals, dreams, and dollars. Hut 8’s riding high, and the market’s eating it up. But remember, in the land of finance, the only constant is change. So buckle up, buttercup-it’s gonna be a wild ride. 🎢
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2025-12-17 17:40