Hut 8 Corp. has announced a major shift from cryptocurrency mining to large-scale AI data center infrastructure, leveraging its existing power and facility footprint across North America. The company plans to reconfigure four U.S. sites to support energy-intensive AI workloads, capitalizing on its 1,020 megawatts of energy capacity currently under management. This move addresses burgeoning demand for specialized compute platforms, positioning Hut 8 to capture long-term contracts with leading AI developers and cloud service providers.

In a landmark deal valued at $18 billion, Hut 8 has secured commitments from AI research lab Anthropic and cloud infrastructure partner Fluidstack to deploy up to 8.6 gigawatts of AI compute capacity over the next five years. Initial phases will see 2.2 gigawatts brought online by year-end 2027, with the remaining 6.4 gigawatts scheduled in staggered tranches through 2030. The partnership structure includes revenue-sharing mechanisms and guaranteed off-take agreements, though final build-out timing will depend on permitting and grid interconnection milestones.

As of December 31, 2025, Hut 8 held approximately $1.2 billion in digital asset reserves, predominantly in Bitcoin, and reported minimal debt exposure. The company’s liquidity position is further supported by $330 megawatts of energy capacity currently under construction and 1,230 megawatts in development across 19 sites. Hut 8 will release its full-year 2025 financial results on February 25, 2026, before market open, followed by a conference call at 8:30 a.m. ET. Investors will be keen to assess capital expenditure details, cash flow projections for the new AI infrastructure business, and any updates on pre-signed customer commitments.