Hut 8 Secures $7 Billion Lease for Google-Backed AI Data Center as Bitcoin Miner
Hut 8's Major Lease Agreement: Hut 8 signed a 15-year, $7 billion lease to provide 245 megawatts of AI data center capacity at its River Bend campus in Louisiana, with Fluidstack as the infrastructure provider and Google backing the lease payments.
Construction Timeline and Financing: Initial construction is underway, with the first data hall expected to be completed by Q2 2027, financed through loans tied to the data center, minimizing upfront capital investment for Hut 8.
Google's Financial Role: Google will act as a financial backstop for the lease, ensuring payments are covered if Fluidstack defaults, and will also support ongoing data center management through an operations services agreement.
Hut 8's AI Sector Expansion: This agreement enhances Hut 8's involvement in the AI sector, following its launch of a GPU-as-a-Service offering in 2024, which included deploying over 1,000 Nvidia H100 GPUs for cloud-based AI services.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36142.556 | 48071.278 | 60412.576 | 72341.298 | 84682.596 | 96611.318 | 108952.616 |
| Fibonacci | 48071.278 | 57342.426 | 63070.15 | 72341.298 | 81612.446 | 87340.17 | 96611.318 |
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