Hut 8 just locked in a $7 billion infrastructure play to construct a sprawling data center complex in Louisiana, bringing Fluidstack and Anthropic on board as partners. The deal marks a significant vote of confidence in long-term energy economics within the sector.

When discussing the strategic rationale, the company's CEO emphasizes a straightforward thesis: "We think that the value of energy will continue to go up." This positioning suggests management sees substantial upside in energy-intensive computing infrastructure as demand continues accelerating.

What's particularly noteworthy? The project carries backing from a major tech heavyweight. According to statements to financial media, Google is essentially underwriting this deal, which adds institutional credibility to the venture and signals confidence from one of the world's leading cloud infrastructure players.

The Louisiana location offers strategic advantages—access to power generation capacity and geographic positioning for computational efficiency. This investment represents the kind of physical infrastructure play that's becoming increasingly central to Web3 and AI compute demands.