Bitcoin mining company Hut 8 recently announced a major partnership — a long-term leasing agreement with computing power service provider Fluidstack. This contract is quite substantial: a 15-year term with a total value of approximately $7 billion.

Specifically, Hut 8 will provide 245MW of IT computing capacity within its River Bend data center campus to Fluidstack. What does this mean? Simply put, Fluidstack can lease a large amount of computing resources at this data center over the long term.

This type of agreement reflects a current trend in the mining industry: large mining companies are not only mining themselves but also increasing revenue by leasing out idle or planned computing resources. On one hand, it can improve data center asset utilization; on the other hand, it locks in long-term stable cash flow. For demand-side players like Fluidstack, reaching such long-term agreements with leading mining companies ensures the stability of computing power supply.

As the market enthusiasm for digital assets like Bitcoin increases, the competition for computing resources is becoming more intense. This major deal also indirectly indicates that high-quality computing power supply and data center capacity have become scarce resources in the industry chain.