15-year lease for 245 MW AI data center capacity at River Bend
Company: Hut 8 - Project: River Bend
What the later record shows
Not a promise: a reported event · happened December 31, 2025
The claim reports a lease already signed in December 2025, so it was not a forward commitment when stated in August 2026. The 10-K and proxy confirm the 15-year, 245 MW Fluidstack lease worth about $7.0 billion and backstopped by Google.
“we entered into a 15-year, triple-net lease with Fluidstack for 245 MW of AI data center IT capacity at our River Bend campus”
2026-02-24 · Hut 8 10-K filed 2026-02-25 View cached copy (2026-08-31)Live source ↗
“we signed a 15-year, 245 MW IT lease with Fluidstack, representing approximately $7.0 billion in base-term contract value, financially backstopped by Google”
2026-04-27 · Hut 8 DEF 14A filed 2026-04-28 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
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.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The article reports the 15-year, 245 MW River Bend lease, its $7 billion value, and Google's backstop of the payments.
Confirmed in the source:
- Hut 8 signed a 15-year lease for 245 megawatts of AI data center capacity
- The leased capacity is at Hut 8's River Bend campus
- The lease deal is valued at $7 billion
- Payments under the lease are backstopped by Google
What we did: Read our cached copy of the publisher (https://coinmarketcap.com/academy/article/hut-8-cuts-borrowing-rate-7percent-dollar200m-falconx-deal) in full (5,342 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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.”