Hut 8 posts Beacon Point Phase 1 data center campus lease presentation

HUT 8

HUT 8

HUT

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  • Hut 8 outlined Phase 1 lease economics for Beacon Point data center campus in Nueces County, Texas, anchored by 352 MW of contracted IT capacity under a 15-year triple-net lease with a confidential, high-investment-grade tenant.
  • Base-term contract value set at USD 9.8 billion with a 3% annual base-rent escalator; three successive 5-year extension options imply USD 25.1 billion of total contract value if exercised.
  • Projected average annual NOI contribution pegged at USD 655 million, or about USD 1.86 million per MW.
  • Campus utility capacity targeted at 1,000 MW, with Phase 1 citing 500 MW of utility capacity at 1.42 PUE; initial energization expected in Q1 2027.
  • Target initial delivery and commissioning application scheduled for Q3 2027 for AI workloads, with Phase 1 engineered to NVIDIA’s DSX reference architecture.


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