Hut 8 shifts focus from crypto mining to AI infrastructure with a $7 billion deal to build a data center complex in Louisiana for Anthropic. Stock surged 20% after announcement, up 90% year to date. Google provides financial guarantee for the project, securing 245 MW of capacity with potential to scale up to 2,300 MW. Without Google’s involvement, project financing from JPMorgan and Goldman Sachs would have been nearly impossible. Hut 8 de-risks execution by issuing a conservative delivery schedule and tapping local labor, avoiding construction delays that have hit competitors. First data hall delivery scheduled for Q2 2027.

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3. “Bitcoin surges past $40,000 as cryptocurrency market rebounds” – Barchart
4. “Amazon announces plans to acquire MGM Studios for $8.45 billion” – Reuters: Hut 8 CEO says $7 billion data center deal with Google is ‘first domino to fall’