Fluidstack River Bend lease (Google backstop)
Company: Hut 8 - Project: River Bend
The claim, verbatim
15-year, $7.0 billion lease with Fluidstack for 245 MW of critical IT capacity at River Bend, with lease payments financially backstopped by Google.
Source (primary)
Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times (-, news_article)
View cached copy (2026-10-05)Live source ↗Archive.org ↗
Quote: “a 15-year, $7.0 billion agreement with Fluidstack for 245 megawatts (about 0.3 million square feet) of critical IT capacity”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The article describes the 15-year, $7.0 billion, 245 MW Fluidstack lease at River Bend and says Google backstops the payments.
Confirmed in the source:
- The Fluidstack lease at River Bend is a 15-year agreement
- The lease is worth $7.0 billion
- The lease covers 245 MW of critical IT capacity
- Lease payments for the initial term are financially backstopped by Google
What we did: Read our cached copy of the publisher (https://www.techtimes.com/articles/328138/20260928/hut-8-closes-two-tier-ai-data-center-finance-stack-jpmorgan-leads-12-bank-revolver.htm) in full (17,743 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times
Quote: “a 15-year, $7.0 billion agreement with Fluidstack for 245 megawatts (about 0.3 million square feet) of critical IT capacity”