Hut 8 signs 15-year USD 9.8 billion lease for 352 MW Beacon Point AI campus

HUT 8

HUT 8

HUT

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  • Hut 8 signed 15-year triple-net lease for 352 MW of IT capacity at Beacon Point AI data center campus in Nueces County, Texas; base-term contract value USD 9.8 billion with 3% annual rent escalator.
  • Three 5-year renewal options lift potential contract value to about USD 25.1 billion if exercised; tenant described as confidential, high-investment-grade company.
  • Transaction lifts total contracted AI data center capacity to 597 MW; aggregate base-term contract value about USD 16.8 billion.
  • Initial energization for 1,000 MW utility interconnection expected Q1 2027; first data hall delivery expected Q3 2027.


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