Anthropic just filed for a near-trillion dollar IPO — what does this mean for HUT 8 and their $7B data center deal?
For those who missed it, Anthropic filed its IPO confidentially on June 3rd targeting a $1 trillion+ valuation after raising $65 billion in Series H funding. Their annualized revenue just hit $47 billion, up from $10 billion a year ago. That’s insane growth.
Here’s the HUT connection most people aren’t talking about.
Back in December 2025, Hut 8 signed a 15 year $7 billion deal with Anthropic and Fluidstack to build 245MW of AI data center infrastructure at their River Bend campus in Louisiana, backstopped financially by Google. The deal has options to expand up to 2.3GW, potentially worth $17.7 billion total.
The tension:
HUT’s first data hall doesn’t come online until Q2 2027. Anthropic is already growing faster than almost any company in history and recently committed $100 billion to AWS separately. Their immediate compute needs aren’t waiting for a Louisiana campus to be built.
So the question is, does Anthropic’s IPO capital accelerate their expansion options with HUT, or does the speed of their growth force them toward AWS, CoreWeave and Oracle in the interim while HUT plays catch up?
My take is HUT is the long term anchor play, not the immediate demand solution. The $7B deal is real and Google backstopped, but Anthropic at a trillion dollar valuation will need infrastructure from everywhere simultaneously.
Curious what others think, does the Anthropic IPO make HUT more or less attractive as an infrastructure play?
TL;DR: Anthropic just filed for a $1T IPO with revenue growing 5x in a year. They have a $7B data center deal with HUT 8 but HUT’s first facility doesn’t open until mid 2027. Does Anthropic’s explosive growth benefit HUT through expanded deal options, or does the timeline mismatch push Anthropic toward other providers first?