Sources: Nvidia signs leases worth up to $50B for Hut 8's planned 1GW data center in Texas, hosting hundreds of thousands of chips; Hut 8 didn't name its client
THE SO WHAT
Leasing up to $50B of capacity in a 1 GW Texas data center is Nvidia using its balance sheet to secure downstream demand and power, not just sell chips. For AI builders, compute access is consolidating into vertically coordinated ecosystems—your vendor choice is increasingly a bet on their capex strategy.
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