Bitcoin mining company Hut 8 announced on Wednesday an AI data center lease valued at $7 billion with cloud infrastructure provider Fluidstack. The move reinforced a growing trend among crypto miners to pivot toward AI infrastructure. Following the announcement, Hut 8 shares surged, snapping a prolonged period of volatile stock performance and reflecting renewed investor interest. Inside Hut 8’s Landmark AI Lease The agreement covers 245 megawatts of AI computing capacity at Hut 8’s River Bend campus in Louisiana under a 15-year base lease
source: https://beincrypto.com/trump-family-hut-8-crypto-miners-ai-pivot/