Hut 8 Signs 15-Year, 245 MW AI Data Center Lease at River Bend Campus with Total Contract Value of $7.0 Billion [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Google providing a financial backstop covering obligations for the 15-year base lease term Hut 8 to implement an institutional-grade execution model designed to de-risk project delivery with blue-chip counterparties—Entergy (NYSE: ETR), J.P. Morgan (NYSE: JPM), Goldman Sachs (NYSE: GS), Vertiv (NYSE: VRT), and Jacobs (NYSE: J) MIAMI Dec. 17, 2025 /PRNewswire/ -- Hut 8 Corp. (Nasdaq: HUT) (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 that it has signed a 15-year, $7.0 billion lease (the "Agreement") with Fluidstack for 245 megawatts (MW) of IT capacity at its River Bend data center campus in Louisiana (the "Transaction"). The Agreement grants Fluidstack a Right of First Offer (ROFO) for up to an additional 1,000 MW of IT capacity at future expansion phases of the campus, subject to the expansion of power at the site. Tran
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/17/25 - Form FWP
- 12/17/25 - Form 424B2
- 12/17/25 - Form 424B2
- JPM's page on the SEC website