"Hut 8 signed a $9.8 billion lease for 352 MW of AI data center capacity at Beacon Point in Texas, marking the second major AI project after River Bend. The deal includes a potential $25.1 billion in contract value with three optional five-year renewal terms. Beacon Point now has 597 MW of contracted IT capacity, with the first phase expected to begin energization in Q1 2027."
Hut 8 signs a $9.8 billion lease for 352 MW of AI data center capacity at Beacon Point in Texas, part of a broader strategy to position large power campuses for AI and hyperscale computing. The deal includes a potential $25.1 billion in contract value with three optional five-year renewal terms. Hut 8's Beacon Point campus now has 597 MW of contracted IT capacity, with the first phase expected to begin energization in Q1 2027.
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