Hut 8 Texas Site Linked to Massive $35 Billion Anthropic AI Infrastructure Deal

Key Facts

Amid an aggressive race to secure data center capacity, Hut 8's Texas power campus has reportedly been linked to a massive $35 billion AI infrastructure deal involving Anthropic. According to reports, the site hosts two long-term leases valued at approximately $19.6 billion. This development highlights a significant strategic pivot as Bitcoin miners increasingly repurpose their power infrastructure to support intensive AI workloads.

The move comes as AI firms prioritize securing reliable energy sources and infrastructure, transforming existing mining facilities into high-value assets. Per analyst facts, the value of these leases exceeds Hut 8's quarterly revenue by more than 260 times. This represents a major diversification of revenue streams, moving the company beyond the direct volatility of the cryptocurrency market toward long-term infrastructure services.

Investors are closely watching the execution of this infrastructure shift, though specific price levels for HUT are currently unavailable. Looking at broader catalysts, recent US data showed GDP growth at 1.5% for the quarter, while corporate profits rose by 8.2% as of August 26, 2026. These macroeconomic factors, combined with the progress of the Anthropic partnership, will be critical for the valuation of energy-intensive infrastructure stocks moving forward.