Hut 8 Tied to $35B Anthropic-Lambda AI Data Center Deal in Texas
HUT has more than doubled off its 52-week low of $24.202 on light trading volume (0.4× avg).
Summary
Reuters reports Anthropic signed a $35 billion cloud-computing deal with Lambda for a Texas data center developed by Hut 8, covering roughly 350 megawatts in Nueces County. The Wall Street Journal adds that Nvidia will hold the lease. This follows Hut 8's July disclosure of a 15-year lease with an investment-grade customer valued at $19.6 billion for its 1-gigawatt Beacon Point campus, which the FT later identified as Nvidia. The new deal expands Hut 8's AI infrastructure pipeline and reinforces its role as a key builder for hyperscale tenants. Shares initially rose on the report but are now down 3.5% at $75.89, reflecting profit-taking or broader market weakness. Watch for official confirmation from Hut 8 or the counterparties, which could clarify revenue timing and capacity commitments.
At the time of this announcement, HUT was trading at $79.49 on NASDAQ in the Technology sector, with a market capitalization of approximately $9.8B. The 52-week trading range was $24.20 to $140.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.