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← Hut 8
Wed, Dec 17, 2025

Hut 8 signs $7.0 billion River Bend lease with Fluidstack, backed by Google

Source document ↗

Key points

  • 245MW critical IT capacity, 15-year triple-net lease (up to $17.7B with all three 5-year renewals)
  • Expected cumulative NOI $6.9B over base term (~$454M average annual); ROFO on up to 1,000MW more expansion

Deal

FluidstackDec 2025
SiteRiver Bend
Contracted capacity245 MW
Contract value$7B
Duration15 years + three 5-year extension options
Disclosed NOI$454M/yr