According to @KobeissiLetter, Hut 8 ($HUT) announced a $7 billion data center development collaboration with Anthropic, targeting up to 2,295 MW of utility capacity (source: @KobeissiLetter). The deal could be valued up to $17.7 billion, as reported by @KobeissiLetter (source: @KobeissiLetter).

According to the source, Bitcoin miner Hut 8's stock surged after the company signed a $7 billion Google-backed AI deal. According to the source, the announcement connects Hut 8’s BTC mining footprint with AI infrastructure services, and the source attributes the equity move to this catalyst. According to the source, the agreement is valued at $7 billion with Google involvement, underscoring growing convergence between Bitcoin mining and AI compute demand.