Bitcoin miner Hut 8 is gaining attention after its Beacon Point data center campus in Texas was linked to Anthropic’s latest artificial intelligence computing contract.
Anthropic has agreed to spend $35 billion purchasing computing capacity from Lambda, an AI cloud company backed by Nvidia, the Wall Street Journal reported late Monday.
Some of that capacity will operate through Hut 8’s Beacon Point campus in Nueces County, Texas. Nvidia holds the lease on the facility, Lambda will deploy Nvidia chips there, and Anthropic will purchase the resulting computing power.
Hut 8 shares initially jumped after the news emerged Monday night, but the stock was only marginally higher in premarket trading.
Hut 8 had previously disclosed two 15-year leases at Beacon Point covering 704 megawatts of IT capacity without identifying the tenant. The leases represent $19.6 billion in contracted value over their initial terms.
The 525-acre site has access to up to 1 gigawatt of power and an existing connection to the electricity grid. CoinDesk has asked Hut 8 to confirm how much of Beacon Point’s 704 megawatts of leased capacity is associated with Lambda and Anthropic, and whether Nvidia is the previously undisclosed tenant behind both leases.
Why Bitcoin Miners Are Appearing in AI Infrastructure Deals
AI companies require enormous amounts of electricity, while connecting hundreds of megawatts to the grid from a new site can take years. Bitcoin miners already operate large facilities designed around low-cost power and existing grid connections, making their infrastructure attractive to AI developers racing to expand computing capacity.
Source: cryptonews.net
