비트코인 채굴 기업 허트8은 앤스로픽과의 전략적 컴퓨팅 계약을 바탕으로 AI/HPC 인프라로의 급진적 전환을 위해 75억 달러의 자금을 조달했다.

Hut 8 Corp. (NASDAQ: HUT) has secured $7.5 billion in fully amortising, investment-grade project financing to fund construction at its River Bend and Beacon Point AI data center campuses. The capital was raised through two separate offerings, confirmed as of the end of the second quarter.

On September 1, Hut 8 confirmed it is developing a data center in Nueces County, Texas, to be leased by Nvidia as part of a $35 billion computing agreement with Anthropic. This development highlights accelerating demand for power and data-center capacity, driving Hut 8 to reposition itself from a Bitcoin miner to an AI infrastructure provider.

The company’s strategy marks a deliberate shift away from Bitcoin economics toward monetizing its power portfolio and data-center infrastructure through long-term AI contracts. Central to this approach is securing reliable power and constructing large-scale, energy-intensive facilities tailored for investment-grade tenants.

This latest financing follows a string of substantial agreements. Hut 8 previously signed a 15-year, $7 billion lease with Fluidstack for roughly 245 megawatts of capacity, which is financially backed by Google. The company also inked a 15-year, $9.8 billion lease covering 352 megawatts of AI factory capacity at its Beacon Point campus in Nueces County, Texas.

These long-term leases and take-or-pay structures offer significantly greater revenue visibility than Bitcoin mining, whose profitability fluctuates with cryptocurrency prices, network difficulty, and energy costs. Once a long-term, investment-grade tenant is secured, the resulting contracted cash flows can directly support project-level debt financing. This structure enables Hut 8 to expand its operational footprint while limiting the capital drawn from its own balance sheet.

Building large-scale AI campuses remains capital-intensive and exposes developers to construction delays, power-delivery problems, permitting issues, and cost overruns. Any setbacks could further delay revenue generation while Hut 8 continues to incur construction and financing expenses.

Hut 8’s pivot reflects a broader industry wave of Bitcoin miners converting their power and land assets into AI infrastructure. By anchoring its balance sheet with multi-billion-dollar, long-dated leases tied to major technology names like Nvidia, Google, and Anthropic, the company is effectively trading cryptocurrency volatility for the steadier economics of the AI build-out.

Image credit: NotMicroButSoft (Fallen in Love with Ghizar, GB)