Hut 8’s Texas site joins $35B AI infrastructure deal with Anthropic

Photo: panumas nikhomkhai / Pexels Hut 8’s Texas power site is now part of a significant $35 billion AI infrastructure deal with Anthropic, as reported by CoinDesk. This partnership involves Hut 8 and Fluidstack, providing up to 2,295 MW of AI data center capacity, with the initial phase at the River Bend campus. The deal is part of Anthropic’s broader strategy to expand its compute capacity, following a $45 billion agreement with Nscale in August, highlighting the company’s focus on securing large-scale infrastructure rather than just model development. This development is noteworthy amid Anthropic’s ongoing efforts to bolster its valuation through substantial infrastructure investments. Key Takeaways Market pricing suggests that Hut 8’s involvement in Anthropic’s AI project is consistent with scenarios of increased valuation for Anthropic. The recent infrastructure agreement indicates a robust commitment to expanding Anthropic’s compute capacity, which appears supportive of higher valuation outcomes. The market pricing reflects some positive sentiment, with the $2.0 trillion valuation mark for Anthropic seeing strong support at 77% YES. What to Watch Market participants may focus...