Hut 8’s Texas campus is connected to two long-term leases valued at $19.6 billion, according to CoinDesk, highlighting the growing competition among artificial-intelligence companies for electricity and data-center capacity. The lease value is more than 260 times Hut 8’s latest quarterly revenue. The site forms part of the infrastructure being positioned around Anthropic’s $35 billion AI deal, as demand for large-scale computing capacity accelerates. The figures underscore the scale of commitments being made to secure power and facilities for AI operations, compared with Hut 8’s recent revenue base. The development places the company’s Texas assets within a broader expansion of AI infrastructure, where access to long-term power arrangements and data-center capacity has become increasingly important.
