Hut 8

As demand for AI accelerates, the challenge of building and scaling power and compute infrastructure is becoming a central question for policy, capital allocation, and long-term competitiveness. Hut 8 CEO Asher Genoot will be in Washington, D.C. beginning April 13 as part of SEMAFOR's inaugural cohort of World Economy Principals, a curated group of leaders building the infrastructure and systems underpinning the next global economy.

Vertiv is advancing how AI infrastructure gets built. We’ve introduced a higher fidelity Digital Twin modeling approach that accelerates deployment of Vertiv OneCore factory integrated infrastructure, allowing operators to scale with velocity and precision. We are collaborating with Hut 8, with the company deploying Vertiv™ OneCore in select data center projects, pairing Hut 8’s power first approach with Vertiv’s converged, digitally orchestrated systems for an industrialized, scalable, and repeatable solution for AI data center deployment. Read the announcement: http://ms.spr.ly/6042QbGT6 #AIFactories #DigitalTwins #HighDensity #AIDeployment #AIScalability

In 2025, our power-first, innovation-driven strategy delivered at scale. We signed a 15-year AI infrastructure lease at River Bend valued at $7.0 billion. We commercialized next-generation data center architecture at Vega. We launched a dedicated, publicly traded Bitcoin accumulation subsidiary and divested non-core assets to streamline our capital allocation framework. And we exited the year with an 8,500 MW development pipeline, setting the foundation for scalable, repeatable execution in 2026 and beyond.

Hut 8 will release financial results for the full year of 2025 before the market opens on February 25, 2026. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET.

Advancing computing infrastructure. ✨ From quantum computing breakthroughs to digital twins for data centers, we’re driving the next generation of high-performance computing infrastructure. We’re partnering with Hut 8 to deliver Engineering, Procurement and Construction Management (EPCM) services for a new AI Data Center in Louisiana. Poised to become one of the largest AI and high-performance computing developments in North America, the project will deliver 245 megawatts of capacity. http://jcob.co/9CUw50XTor4 #OurJacobs

Our team will be in Honolulu for #PTC26, a Pacific Telecommunications Council (PTC) conference. Reach out if you’re interested in connecting with us at the event!

Hut 8 has signed a 15-year, 245 MW AI data center lease at its River Bend campus with total contract value of $7.0 billion and up to $17.7 billion if all renewal options are exercised. Google is providing a financial backstop that covers the lease payments and related pass-through obligations for the base lease term. 

Today, Hut 8 launches a partnership with Anthropic and Fluidstack to accelerate the deployment of hyperscale AI infrastructure in the United States. Under the partnership, Hut 8 will develop and deliver at least 245 MW and up to 2,295 MW of AI data center infrastructure for Anthropic, leveraging high-performance clusters operated by Fluidstack.

Today we entered into an agreement to sell our 310 MW power generation portfolio to TransAlta. The transaction is expected to close in early Q1 2026, subject to customary closing conditions including regulatory approval.

Today, we announced our financial results for Q3 2025, which marked an inflection point in the scale and maturity of our development flywheel. During the period, we advanced 1,530 megawatts of capacity from exclusivity into development, underscoring our commercial velocity and supporting a long runway for growth.