Hut 8 (HUT) Partnership summary

Opening remarks and agenda

• Announced a 15-year, $7B IT lease for 245 MW at the River Bend data center campus in Louisiana, with expansion potential up to 2.3 GW.

• Conference call scheduled for December 17, 2025, to discuss the transaction.

Objectives of the partnership

• Accelerate deployment of hyperscale AI infrastructure, targeting up to 2,295 MW of data center capacity for advanced AI workloads.

• Deliver next-generation AI and high-performance computing infrastructure at scale, supporting economic growth and job creation in Louisiana.

• De-risk project delivery through a partnership-driven execution model and align power sourcing, data center design, and compute deployment.

Partner introductions and roles

• Anthropic as primary AI customer, FluidStack as lessee and cluster operator, Google providing a financial backstop for lease obligations.

• Hut 8 leads site origination, development, and power sourcing; FluidStack has right of first offer for future expansion.

• J.P. Morgan and Goldman Sachs as financing partners, Jacobs as design-build/EPCM partner, Vertiv for supply chain equipment, and Entergy for power.