Hut 8 Announces AI Infrastructure Partnership with Anthropic and Fluidstack

Rhea-AI Summary

Hut 8 (Nasdaq, TSX: HUT) announced a partnership with Anthropic and Fluidstack to deploy hyperscale AI data center infrastructure in the U.S., announced December 17, 2025.

Key terms establish a path to deliver at least 245 MW and up to 2,295 MW of utility capacity across tranches: an initial 245 MW IT deployment at River Bend supported by 330 MW utility; a ROFO for up to 1,000 MW additional at River Bend (subject to power expansion); and an optional joint diligence pipeline of up to 1,050 MW across Hut 8's development sites. A conference call will be held December 17, 2025 at 12:00 p.m. ET.

Positive

• Initial 245 MW IT capacity at River Bend
• 330 MW utility support for initial tranche
• ROFO for 1,000 MW additional capacity at River Bend
• Up to 1,050 MW optional pipeline capacity across development sites
• Partnership targets additional capacity online by early 2027

Negative

• Additional ROFO capacity is conditional on power expansion at River Bend
• Up to 1,050 MW outside River Bend is optional and subject to joint diligence

Key Figures

Minimum AI IT capacity 245 MW AI data center infrastructure to be developed for Anthropic

Maximum AI IT capacity 2,295 MW Total potential AI data center infrastructure across tranches

Initial IT capacity 245 MW Tranche 1 IT capacity at River Bend campus

Tranche 1 utility capacity 330 MW Utility capacity supporting 245 MW IT at River Bend

ROFO additional IT 1,000 MW Right of First Offer capacity for River Bend expansion

Optional pipeline capacity 1,050 MW Potential additional capacity beyond River Bend

Deployment timing early 2027 Target to bring additional capacity online per Anthropic comment

Conference call time 12:00 p.m. ET Partnership discussion call on December 17, 2025

Market Reality Check

$40.16 Last Close

Volume Volume 4,490,253 is below 20-day average of 5,936,025 (relative volume 0.76x). normal

Technical Price $36.85 is trading above 200-day MA at $25.80 before this news.

Peers on Argus

Ahead of this AI partnership news, HUT was up 3.98% while peers were mixed: CIFR +5.12%, WULF +5.01%, CLSK -0.75%, MARA -0.74%, RIOT -0.74%, pointing to a stock-specific driver rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 17	Power asset sale	Positive	+2.1%	Sale of 310 MW natural gas power portfolio to TransAlta to fund growth.
Nov 04	Q3 2025 earnings	Positive	-12.5%	Profitable quarter with strong compute revenue and large development pipeline.
Oct 16	Earnings scheduling	Neutral	-9.5%	Announcement of Q3 2025 results release date and conference call details.
Sep 04	Annual meeting vote	Neutral	-0.9%	All eight director nominees elected with 39.3M to 46.7M votes in favor.
Sep 04	Mining expansion	Positive	-7.4%	American Bitcoin hashrate expansion at Hut 8’s 205 MW Vega data center.

Pattern Detected

Recent news has produced mixed reactions, with strategic asset sales aligning positively, while strong earnings and growth-oriented updates have sometimes seen negative price moves.

Recent Company History

Over the last few months, Hut 8 has reported profitable Q3 2025 results with revenue of $83.5M and net income of $50.1M, highlighted by 1,020 MW of energy capacity under management and an 8,650 MW development pipeline. The company sold a 310 MW Ontario power portfolio on Nov 17, 2025 to fund high-return digital infrastructure projects. Governance remained stable with eight directors elected on Sep 4, 2025. Today’s multi-gigawatt AI infrastructure partnership fits into this shift toward large-scale compute and data center development.

Market Pulse Summary

This announcement details a large-scale AI infrastructure partnership in which Hut 8 plans to deliver at least 245 MW and up to 2,295 MW of capacity for Anthropic, starting with 245 MW of IT capacity at River Bend supported by 330 MW of utility capacity. It builds on prior disclosures of a sizable development pipeline. Investors may watch for future updates on site development, tranche activation, tenant commitments, and timing toward early 2027 deployment.

Key Terms

hyperscale technical

"to accelerate the deployment of hyperscale AI infrastructure in the United States."

Hyperscale describes the ability of a system or operation to grow rapidly and handle extremely large amounts of work or data. It’s like a massive factory that can quickly expand its production capacity to meet soaring demand. For investors, hyperscale indicates a business’s potential to scale efficiently, often leading to increased growth and profitability.

ai infrastructure technical

"to accelerate the deployment of hyperscale AI infrastructure in the United States."

AI infrastructure consists of the hardware, software, and systems needed to develop, run, and support artificial intelligence applications. Think of it as the foundation and tools that enable AI to process large amounts of data quickly and accurately, similar to how a strong foundation supports a building. For investors, AI infrastructure is important because it underpins advancements in technology that can drive new business opportunities and competitive advantages.

right of first offer financial

"Hut 8 grants the tenant a Right of First Offer (ROFO) for up to 1,000 MW"

A right of first offer is a contractual agreement that requires an owner to offer an asset or stake to a designated party before marketing it to others; the holder gets the first chance to negotiate terms directly with the seller. For investors, it matters because it can limit who can buy or set the sale price path—like getting the first invitation to buy a sought-after item before it goes on general sale, protecting potential access or controlling competition.

utility capacity technical

"245 MW of IT capacity, supported by 330 MW of utility capacity."

Utility capacity is the maximum amount of service—such as electricity, gas, or water—a utility company can deliver or has allowed to deliver through its infrastructure and contracts. For investors, it signals how much revenue the utility can potentially earn, where limits or spare capacity may affect growth or reliability; think of it like the width of a highway that determines how many cars can pass at once and whether upgrades are needed to handle more traffic.

it capacity technical

"develop an initial 245 MW of IT capacity, supported by 330 MW"

IT capacity is the amount of computing power, data storage, network speed and technical staff a company has available to run its digital systems and services. Like the number of lanes on a highway that determines how much traffic can flow, IT capacity matters to investors because it affects a company’s ability to grow, serve customers reliably, control costs and avoid outages or security failures that can hurt revenue and reputation.

AI-generated analysis. Not financial advice.

MIAMI, Dec. 17, 2025 /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases, today announced a partnership with Anthropic and Fluidstack to accelerate the deployment of hyperscale AI infrastructure in the United States. As part of the partnership, Hut 8 will develop and deliver at least 245 megawatts (MW) and up to 2,295 MW of AI data center infrastructure for Anthropic, leveraging high-performance clusters operated by Fluidstack.

The partnership is structured across several tranches that together establish a path to deploy at least 245 MW and up to 2,295 MW of utility capacity:

• Tranche 1: The partnership will launch at the Company's River Bend campus ("River Bend") in Louisiana, where Hut 8 and Fluidstack will develop an initial 245 MW of IT capacity, supported by 330 MW of utility capacity.
• Tranche 2: Hut 8 grants the tenant a Right of First Offer (ROFO) for up to 1,000 MW of additional IT capacity at River Bend, subject to the expansion of power at the site.
• Tranche 3: As part of a strategic partnership, Hut 8 and Anthropic may jointly diligence and develop up to 1,050 MW of additional optional capacity to scale across Hut 8's development pipeline beyond River Bend.

Asher Genoot, CEO of Hut 8, said: "Scaling frontier AI infrastructure is, at its core, a power challenge. Hut 8's power-first, innovation-driven development model enables us to originate and develop greenfield data center sites at the pace and scale required by leading model developers. Through our partnership with Anthropic and Fluidstack, we are aligning power, data center design, and compute deployment into an integrated platform capable of delivering at gigawatt scale."

James Bradbury, Head of Compute at Anthropic, said: "This partnership is an expansion of our existing work with Fluidstack and marks a new opportunity to collaborate with Hut 8 to bring additional capacity online by early 2027. Hut 8's ability to source and deliver infrastructure at scale provides the runway necessary to continue advancing the capabilities of our models."

Gary Wu, Co-founder and CEO of Fluidstack, said: "Fluidstack was built to solve compute challenges at scale, across every level of complexity. As Anthropic pushes the frontier of AI, we're proud to work alongside partners such as Hut 8 to design, deploy, and operate the foundational infrastructure that leading labs rely on to win."

Conference Call

The Company will host a conference call on Wednesday, December 17, 2025 at 12:00 p.m. ET to discuss the partnership. Investors can join the live webcast at https://hut8.zoom.us/webinar/register/WN_FY30DzemQ3C4cS9Cw_TFQA.

Additional Partnership Information and Upcoming Communications

Hut 8 has made available on its website an investor presentation with further details regarding the partnership.

For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

About Hut 8

Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of Energy Capacity Under Management, 330 megawatts of Energy Capacity Under Construction, and 1,230 megawatts of Energy Capacity Under Development, and across 19 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas; five high performance computing data centers in British Columbia and Ontario; four power generation assets in Ontario; one non-operational site in Alberta; three sites under development in Texas and Illinois; and one site under construction in Louisiana. For more information, visit hut8.com and follow us on X at @Hut8Corp.

Cautionary Note Regarding Forward-Looking Information

This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company's partnership with Anthropic and Fluidstack, including the Company's ability to deliver and deploy at least 245 MW at its River Bend campus up to 2,295 MW of AI data center infrastructure across its evolving pipeline, the Company's ability to expand power at its River Bend site, the Company's ability to expand, source, diligence, design, develop, deliver, and operate sites within its development pipeline, the Company's plan to bring capacity online by early 2027 at the River Bend site, and the Company's future business strategy, competitive strengths, expansion, and growth of the business and operations more generally, and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely," or similar expressions.

Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, risks relating to the construction of new data centers, including cost overruns, delays, supply chain issues, permitting or regulatory hurdles, unexpected technical challenges, and dependency on contractors; risks relating to the financing of new data centers, including the potential dilutive impact of equity issuances (if any), access to capital markets, timing and cost of financing, and market conditions such as increases in interest rates, declining equity valuations, volatility in credit markets, or tightening lending standards; failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company's filings with the U.S. Securities and Exchange Commission. In particular, see the Company's recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company's EDGAR profile at sec.gov and SEDAR+ profile at sedarplus.ca.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hut-8-announces-ai-infrastructure-partnership-with-anthropic-and-fluidstack-302644377.html

SOURCE Hut 8 Corp.

FAQ

What capacity did Hut 8 (HUT) commit to deliver to Anthropic on December 17, 2025?

Hut 8 committed a path to deliver at least 245 MW and up to 2,295 MW of utility capacity through structured tranches.

What is the initial deployment location and capacity for the Hut 8, Anthropic, Fluidstack partnership?

The initial deployment is at Hut 8's River Bend campus with 245 MW IT capacity supported by 330 MW utility capacity.

How much additional capacity does Hut 8 grant a ROFO for at River Bend under the December 17, 2025 agreement?

Hut 8 grants a Right of First Offer for up to 1,000 MW of additional IT capacity at River Bend, subject to power expansion.

What optional capacity can Hut 8 and Anthropic jointly develop beyond River Bend?

They may jointly diligence and develop up to 1,050 MW of additional optional capacity across Hut 8's development pipeline.

When will Hut 8 discuss the Anthropic partnership with investors?

Hut 8 will host a conference call and live webcast on December 17, 2025 at 12:00 p.m. ET to discuss the partnership.