Hut 8 has entered into a $7 billion, 15-year lease agreement with Fluidstack to develop AI data centers in Louisiana. The ambitious River Bend project will initially provide 245 megawatts of IT capacity, with potential expansion to 1,000 megawatts. Google is supporting the lease with full-term financial guarantees, underscoring the project's significance. The first data hall is scheduled for completion in the second quarter of 2027, with additional facilities to follow. This venture is projected to generate $6.9 billion in net operating income and create 265 jobs, highlighting the growing intersection of AI and cryptocurrency infrastructure investments.