Hut 8 jumps on $7 bln AI infrastructure deal with Anthropic

Crypto miner Hut 8's HUT.O shares climb 15.4% to $42.52 premarket

Company announces AI infrastructure partnership with Anthropic and Fluidstack

HUT to develop and deliver at least 245 megawatts (MW) and up to 2,295 MW of AI data center infrastructure for Anthropic in contract valued at $7 bln

HUT says Google provides financial backstop for the 15-year data center lease, that can go up to $17.7 bln if all renewal options are exercised

85% loan-to-cost funded by J.P.Morgan and Goldman Sachs

Initial data hall scheduled for completion and commissioning in Q2 2027

All 15 brokerages rate the stock "buy" or higher; median PT is $60 - data compiled by LSEG

Stock up nearly 80% YTD, up to last close