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Bitcoin Miner Hut 8 Secures $7B AI Data Center Lease with Google Backing

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Bitcoin news broke as Hut 8 locked a $7 billion, 15-year lease to supply AI data center capacity at its River Bend site in Louisiana. The deal with Fluidstack includes 245 MW of IT power, backed by Google as financial guarantor. JPMorgan and Goldman Sachs are underwriting the project, expected to deliver $6.9 billion in net operating income over 15 years. Construction is active, with the first data hall due in Q2 2027. Hut 8 shares jumped 20% pre-market. On-chain data shows strong institutional interest in the move.
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