15-year lease for 245 MW AI data center capacity at River Bend
Company: Hut 8
The claim, verbatim
Hut 8 signed a 15-year lease for 245 megawatts of AI data center capacity at its River Bend campus, valued at $7 billion, with payments backstopped by Google.
Source (primary)
Hut 8 Cuts Borrowing Rate to 7% With $200M FalconX Deal - CoinMarketCap (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “In December 2025, Hut 8 signed a 15-year lease for 245 megawatts of AI data center capacity at its River Bend campus. The deal is valued at $7 billion, with payments backstopped by Google.”
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Additional evidence
confirms Hut 8 Cuts Borrowing Rate to 7% With $200M FalconX Deal - CoinMarketCap
Quote: “In December 2025, Hut 8 signed a 15-year lease for 245 megawatts of AI data center capacity at its River Bend campus. The deal is valued at $7 billion, with payments backstopped by Google.”