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Hut 8's Texas data center included in Anthropic's $35 billion AI computing power procurement agreement

According to CoinDesk, AI company Anthropic has reached a $35 billion computing power procurement agreement with Lambda, an AI cloud service provider supported by NVIDIA, part of which will be provided through Bitcoin mining company Hut 8's Beacon Point facility located in Nueces County, Texas.Hut 8 previously disclosed that the facility has signed two long-term leases for 15 years, covering 704 MW of IT capacity, with a total contract value of $19.6 billion, but the identity of the tenants had not been disclosed earlier. The facility spans 525 acres and has a maximum power access capacity of 1 GW with ready grid connections.According to the currently disclosed transaction structure, NVIDIA holds the lease for the facility, Lambda will deploy NVIDIA chips, and Anthropic will procure the computing power generated from this. Hut 8 has not confirmed how much of the 704 MW capacity is related to Lambda and Anthropic, nor has it confirmed whether NVIDIA is the previously undisclosed tenant.As the demand for power and computing resources in AI data centers surges, Bitcoin mining companies with ready power and grid access capabilities are accelerating their transformation into AI infrastructure. Mining companies including Hut 8, TeraWulf, IREN, and Bitdeer have all entered the AI data center market by selling or leasing computing power and power infrastructure.Hut 8's revenue for the second quarter of this year was $74.93 million, a year-on-year increase of 81%; its two leases at Beacon Point have a total value of $19.6 billion, and the facility is expected to generate approximately $1.31 billion in operating profit annually once fully operational.

first_img Kraken's parent company Payward collaborates with the London Stock Exchange to tokenize 100 UK-listed stocks

The parent company of Kraken, Payward, announced a partnership with the London Stock Exchange (LSE) to tokenize the stocks of the 100 largest companies listed on the LSE into xStocks, which are backed 1:1. The first London-listed xStocks are expected to be launched on Kraken and other platforms supporting the xStocks Alliance in the coming weeks, available to investors in over 110 countries, but not yet open to UK investors.Subject to regulatory approval, the LSE plans to list and support xStocks trading on its newly launched extended trading hours, LSE 24. LSE CEO Julia Hoggett stated that by collaborating with Payward and continuously working with the market infrastructure ecosystem, they are exploring how issuers and investors can benefit from new access methods while maintaining the standards that underpin the public market. In addition to tokenizing existing stocks, both parties will also explore the issuance of native equity tokens through LSE infrastructure, which have the same rights as traditional stocks and are fully interchangeable.Payward's tokenized stock framework was launched in June 2025 and acquired by Payward in December, having processed over $40 billion in total trading volume, covering more than 200,000 holders, with nearly $20 billion settled on-chain. According to RWA.xyz data, there are currently approximately $2.53 billion in existing tokenized stocks, with xStocks tokenizing about $606.6 million, making it the second-largest issuer after Ondo.

first_img The London Stock Exchange collaborates with Kraken's parent company Payward to tokenize UK large-cap stocks on the blockchain

The London Stock Exchange (LSEG) and Payward, the parent company of the cryptocurrency exchange Kraken, announced a partnership to bring stocks of the largest listed companies in the UK onto the blockchain. In the coming weeks, the stocks of the top 100 companies listed on the LSE will be available on Payward's xStocks tokenized stock framework. These xStocks are tokens that correspond one-to-one with the underlying stocks, allowing for 24/7 trading on centralized exchanges, self-custody wallets, and on-chain applications.This initiative continues the rapidly expanding framework of Payward. Over the past year, the cumulative trading volume of xStocks has exceeded $40 billion, with nearly $20 billion settled on-chain, and more than 200,000 product holders. Through the blockchain channel, UK-listed stocks will be able to reach investor groups in over 110 countries, although xStocks are currently not available to domestic UK investors.Subject to regulatory approval, the LSE plans to list and support xStocks trading on its newly launched 24-hour trading platform, LSE 24, and will gradually cover tokenized stocks and more asset classes in the US, EU, UK, and Hong Kong. Both parties also stated that they will explore stock tokens issued natively by the LSE, allowing LSE members to issue and service stocks directly on-chain, with the same full interchangeability and rights as traditional stocks. Payward Co-CEO Arjun Sethi stated that for years, people have assumed that crypto and traditional finance must collide and one side would lose, but that has never been the real story;

Analysis: The allocation of Bitcoin long-term holders has risen to 281,900 coins, an increase of 61.5% compared to August 18

CryptoQuant analyst Axel Adler Jr stated that from August 18 to 28, the 30-day cumulative distribution of Bitcoin long-term holders (LTH) increased from 174,500 to 281,900, a rise of 61.5%, reaching the highest level since 2026 on August 28. This metric accelerated significantly during the rapid rebound after the short-term squeeze in Bitcoin, indicating that long-term holders are taking profits as prices rise.Meanwhile, the LTH MVRV rose from 1.31 on August 18 to 1.64 on August 27, remaining at a level of 1.6 on August 31, which means that the market value of Bitcoin held by long-term holders is approximately 60% higher than their average realized value. This suggests that despite the increase in distribution activity, long-term holders still possess significant unrealized profits. Axel believes that the price rebound after the short-term squeeze has simultaneously elevated the profit levels of long-term holders and the speed of token distribution, creating conditions for further profit-taking. If Bitcoin prices remain stable, long-term holders may continue to release supply, adding extra selling pressure to the market. The current key issue for the market is whether the high-level distribution by long-term holders will continue and whether new buying can absorb this additional supply; otherwise, the market may face price pressure again.
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