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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.

In Texas, cryptocurrency ATM scam losses reached $56.8 million in 2025, and lawmakers are considering over-regulatory measures

The FBI submitted data disclosure to the legislative committee, revealing that losses related to cryptocurrency kiosks in Texas amounted to $56.8 million in 2025, involving 1,179 complaints, making it the highest loss among all states in the U.S. The total number of related complaints nationwide was 13,460, with reported losses increasing by 58% year-on-year to $389 million. Cryptocurrency kiosks can accept cash and exchange it for cryptocurrency, typically set up at gas stations and convenience stores.Statistics from the Texas Tribune show that there are about 4,000 such devices in Texas, where scammers induce victims to withdraw money from their bank accounts and deposit it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovering them is nearly impossible, as the money typically flows into unhosted wallets and then into mixers. He added that AI-generated police and state agency impersonation content makes phone inducements more deceptive.Data from AARP indicates that since 2023, approximately 30 states in the U.S. have enacted laws related to cryptocurrency kiosks. Indiana fully banned such devices in March, followed by Tennessee and Minnesota. Texas House Committee Chairman Rep. Cole Hefner stated that the state will consider measures beyond regulatory scope.
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