Hut 8 Rises on Anthropic's $35 Billion Lambda Deal

Hut 8 HUT rose 2.21% premarket after Reuters reported that Anthropic signed a $35 billion cloud computing deal with Lambda, an Nvidia NVDA backed cloud provider, for capacity at a Texas data center Hut 8 is developing. The site covers about 350 megawatts, according to a person familiar with the matter. Nvidia was down 1.24%.

Nvidia would hold the lease on the data center. Hut 8, a bitcoin miner that has moved into AI infrastructure, said in July it had signed a 15-year lease with an unnamed investment-grade customer worth $19.6 billion over the base term, and later Nvidia was identified as the tenant at the company's 1-gigawatt Beacon Point campus.

Anthropic said last week it would spend $45 billion renting compute from Nscale's West Virginia campus. The Lambda capacity is meant to serve demand for its Claude products, including the Claude Code tool, ahead of a planned listing.