Hut 8 announced that it is building an artificial-intelligence (AI) data center in Louisiana for Anthropic and has signed a $7 billion lease with Fluidstack, backed by Google.

Apart from Google, the deal also ropes in Entergy, J.P. Morgan, Goldman Sachs, Jacobs, and Vertiv in institutional-grade execution models.

Shares of Hut 8 Corp. (HUT) rallied over 24% in Wednesday’s premarket trade after the energy infrastructure company announced that it is building an artificial-intelligence (AI) data center in Louisiana for Anthropic.

In a statement, the company said it has signed a 15-year lease agreement valued at $7 billion with Fluidstack at its River Bend campus. Google (GOOG) is providing a financial backstop covering the obligations for the base lease term.