Fluidstack
Coverage of Fluidstack in the Nexus archive.
- Benchmark Raises Hut 8 Price Target After Bitcoin Miner Signs $9.8 Billion AI Data Center Deal
Investment bank Benchmark raised its price target for Bitcoin miner Hut 8 following a $9.8 billion 15-year AI data center lease. The deal, which doubles Hut 8’s contracted capacity at its Texas campus, validates the company’s 'power-first' approach to AI infrastructure and could generate $655 million annually. Hut 8’s stock rose over 10% on the news as it joins a trend of Bitcoin miners pivoting to AI and high-performance computing.
- Bitcoin Miner Hut 8 Shares Jump on $9.8 Billion AI Data Center Deal
Bitcoin miner Hut 8's shares rose over 10% after announcing a $9.8 billion 15-year AI data center lease, with potential contract value reaching $50.2 billion. The company is expanding its Texas campus to 704 MW and has partnered with Google, Anthropic, and Fluidstack for AI infrastructure.
- AI datacenter startup Fluidstack in talks for $1B round at $18B valuation months after hitting $7.5B, says report
Fluidstack, an AI datacenter startup, is in talks for a $1B funding round at an $18B valuation. The company previously secured a $50 billion deal to build data centers for Anthropic.