"The Beacon Point lease, anchored by an unnamed investment-grade tenant, lifts Hut 8's contracted AI capacity to 597 MW and $16.8bn in base-term value."
"Hut 8 has commercialised the first phase of its Beacon Point campus in Nueces County, Texas, through a 15-year lease covering 352 megawatts of IT capacity at a base-term contract value of $9.8bn."
"The company's compounded contracted revenue line, before any renewals are exercised, now exceeds the entire combined market capitalisation of most of its Bitcoin-mining peers."
Hut 8 has completed a significant transformation from a Bitcoin miner to an AI landlord in approximately 18 months. The company announced a 15-year lease for 352 MW of IT capacity at its Beacon Point campus, valued at $9.8bn, with potential cumulative value reaching $25.1bn. This lease, alongside a previous contract for 245 MW at River Bend, brings Hut 8's total AI data-center capacity to 597 MW and a base-term value of $16.8bn. The shift reflects a strategic pivot towards stable, long-term contracts with investment-grade tenants.
Read at TNW | Artificial-Intelligence
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