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Brett

Research Analyst at Cantor

Brett's questions to Hut 8 (HUT) leadership

Question · Q4 2025

Brett from Cantor asked if Hut 8's Fluidstack Anthropic deal set market pricing and whether future deals are expected to see improved economics.

Answer

CEO Asher Genoot clarified that the Fluidstack Anthropic deal was a "market, middle of the fairway" transaction, structured appropriately within private market terms. He emphasized that Hut 8 holds itself to the standard of a blue-chip data center development company, focusing on repeatable partnerships rather than optimizing for headlines.

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