9 Jun 2026
Broadcom, Apollo, and Blackstone have initiated a 20-gigawatt compute platform, with an initial $35 billion investment to serve Anthropic through Fluidstack.
Fluidstack
Fluidstack is involved in a significant financial development concerning the River Bend Data Center. Hut 8 has priced a $3.25 billion investment-grade bond for this facility. This bond issuance is being highlighted as a potential template for future AI data center financing, incorporating sophisticated debt structures and lease agreements.
The financing for the River Bend Data Center includes a 15-year lease with Fluidstack and is notably backed by a financial backstop from Google. This arrangement demonstrates a strong level of confidence and support from major industry players, underscoring the strategic importance of the project and Fluidstack's role within it.
This development positions Fluidstack within a broader trend of large-scale AI infrastructure investment. The bond's structure, featuring elements like hyperscaler credit backing and NNN lease models, suggests a move towards more robust and scalable project finance solutions tailored for the burgeoning AI data center market.
Last updated May 10, 2026
Coverage
5 May 2026
Hut 8's $3.25 billion bond issuance is becoming a template for AI data center debt, establishing construction-stage investment grade, hyperscaler credit anchor mechanics, non-recourse SPV economics, and NNN lease structures for project finance of AI capacity with emerging market replicability.
4 May 2026
Hut 8 has successfully priced a $3.25 billion investment-grade bond for its River Bend Data Center, featuring a 15-year Fluidstack lease and a Google financial backstop, marking the first single-sponsor construction-stage IG bond of its kind.
13 Nov 2025
Anthropic is allocating $50 billion toward establishing dedicated artificial intelligence data centers in Texas and New York through a partnership with Fluidstack to expand domestic computing capacity.
12 Nov 2025
Anthropic and Fluidstack have committed to a joint $50 billion investment initiative targeting new data center construction, beginning with facilities located in Texas and New York.