Hut 8’s Texas data center was revealed to be included in Anthropic’s $35 billion AI computing power contract.

AI firm Anthropic has reached a $35 billion computing power procurement agreement with Lambda, an AI cloud service provider backed by NVIDIA. Part of the computing power will be supplied by Bitcoin miner Hut 8’s Beacon Point campus in Nueces County, Texas. Hut 8 previously disclosed that the campus had signed two 15-year long-term leases covering 704MW of IT capacity, with a total contract value of $19.6 billion over the term, but had not revealed the tenant’s identity before. The 525-acre campus has a maximum power access capacity of 1GW and ready grid connections. Per the disclosed deal structure, NVIDIA holds the lease for the facility, Lambda will deploy NVIDIA chips, and Anthropic will purchase the resulting computing power. Hut 8 has not yet confirmed how much of the 704MW capacity is tied to Lambda and Anthropic, nor whether NVIDIA is the previously undisclosed tenant. As AI data centers’ demand for power and computing power surges, Bitcoin miners with existing power and grid access are accelerating their shift to AI infrastructure. Miners including Hut 8, TeraWulf, IREN, and Bitdeer have all entered the AI data center market by selling or leasing computing power and power infrastructure. Hut 8’s second-quarter revenue this year stood at $74.93 million, up 81% year-over-year; its two Beacon Point leases total $19.6 billion, and the campus is expected to generate approximately $1.31 billion in annual operating profit once fully operational.