Hut 8 Corp. signed a 15-year, $7.0 billion lease with Fluidstack for 245 MW of IT capacity at its River Bend data center campus in Louisiana.
Google is providing financial backing for the base lease term.
Key counterparties for the project include Entergy, J.P. Morgan, Goldman Sachs, Vertiv, and Jacobs.
Lease Structure
Triple net (NNN) lease with a 3.0% annual base rent escalator.
Counterparty Financial Support
Google subsidiary providing financial backstop for lease payments.
Expected NOI Contribution
Expected cumulative NOI contribution of $6.9 billion over the base lease term.
Upside Economics
Three 5-year renewal options can increase the contract value to $17.7 billion.
Delivery Timeline
Initial data hall at River Bend scheduled for completion in Q2 2027.
- Hut 8's scalable, partnership-driven execution model aims to de-risk project delivery.
- The company has secured strong partnerships for project financing and operations.
Hut 8's focus on next-generation AI infrastructure development at River Bend, backed by reputable partners, sets a promising trajectory for growth and innovation in the energy infrastructure sector.