Hut 8 is fully commercializing its Texas AI data center campus, known as Beacon Point, after signing a second large lease valued at $9.8 billion. Multiple outlets report the agreement is structured as a 15-year contract and covers 352 megawatts (MW) of IT capacity. The new lease is described as expanding an existing arrangement with an unnamed tenant, and it increases that tenant’s contracted footprint at the site. Globe and Mail and Quartz both state the tenant’s total contracted capacity at Beacon Point will rise to 704 MW, which effectively doubles the earlier contracted amount. In addition, the reporting indicates the campus is being brought to full commercial operations following this agreement, though details of the tenant and any operational milestones are not specified in the provided summaries. Overall, the sources agree on the major terms: a $9.8 billion value, a 15-year term, and incremental capacity of 352 MW leading to 704 MW contracted at the Texas campus.
Hut 8 signs $9.8 billion lease to fully commercialize Texas AI data center campus
Hut 8 is fully commercializing its Texas AI data center campus, known as Beacon Point, after signing a second large lease valued at $9.8 billion. Multiple outlets report the agreement is structured as...
- Hut 8 fully commercializes its Texas AI data center campus, Beacon Point.
- The company signs a second lease valued at $9.8 billion.
- The 15-year agreement covers 352 MW of IT capacity.
- The unnamed tenant’s total contracted footprint at Beacon Point increases to 704 MW.
- The new lease doubles the tenant’s contracted capacity at the site.
The 15-year deal doubles an existing tenant's contracted capacity at the 1 GW Beacon Point campus to 704 MW
15 hours agoNew agreement covers 352 megawatts of IT capacity and doubles the unnamed tenant’s total contracted footprint at the site to 704 MW
16 hours ago
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