Today’s episode covers a major AI infrastructure deal reshaping data center economics and a high-stakes corporate showdown in the media industry. Alex and Morgan begin with a brief news roundup, including national weather warnings for dangerous winds and winter conditions, the Sacramento forecast, and closing market data for the Dow Jones, S&P 500, and Bitcoin.

The first major story focuses on Hut 8, whose stock surged after announcing a 15-year, $7 billion lease agreement with Fluidstack, a company backed by Google. The deal will support construction of a 245-megawatt AI data center in Louisiana built specifically for Anthropic. The hosts discuss what this signals about the accelerating demand for AI compute, the crossover between crypto mining and AI  ...