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06/05/26 12:28 UTC-04

Hut 8 to Lease AI Computing Infrastructure for $9.8 Billion

  • The company commercialized the first phase of the Beacon Point AI campus in Texas.
  • The infrastructure lease term will last 15 years with a possible expansion to $25.1 billion.
  • The data center will be built using the NVIDIA DGX architecture for hyperscale workloads.

Hut 8 announced the launch of the first phase of its Beacon Point AI campus in Texas. The company also signed a 15-year agreement to lease 352 MW of infrastructure with a base contract value of $9.8 billion.

According to the company’s statement, the tenant is an unnamed organization with a high investment-grade rating. It plans to use the computing capacity for AI model training and inference tasks at hyperscale scale.

Hut 8 has signed a 15-year, 352 MW AI data center lease at its Beacon Point campus with base-term contract value of $9.8 billion and up to $25.1 billion if all renewal options are exercised.

Envisioned as a multi-phase, multi-tenant campus, Beacon Point is the second AI data…

— Hut 8 (@Hut8Corp) May 6, 2026

Hut 8 stated that the facility will become a factory built according to the reference NVIDIA DGX architecture for gigawatt-scale infrastructure.

Beacon Point became the company’s second AI campus after River Bend, developed under the “energy-first” model. Hut 8 first secures the site and power grid connections and then signs infrastructure leasing agreements with clients.

Company Expands AI Infrastructure

Following the deal, the total contracted AI data center capacity of Hut 8 increased to 597 MW.

The combined base contract value reached approximately $16.8 billion, the company stated. Expected average annual net operating income is estimated at $1.1 billion.

The company also reported that the Beacon Point facility is designed for a total capacity of up to 1 GW.

At the current stage, 352 MW of IT capacity has been commercialized, requiring approximately 500 MW of electricity. The remaining campus capacity may be used for future project expansion.

Hut 8 emphasized that it is developing the site together with American Electric Power, its subsidiary AEP Texas, and the Corpus Christi regional economic development corporation.

The 1 GW grid connection agreement is expected to become operational in the first quarter of 2027.

Previously, it was reported that miner Hut 8 optimized its debt and obtained $260 million in Bitcoin liquidity.

See also: "Hut 8 Optimizes Debt and Unlocks $260M in Bitcoin Liquidity"

#Hut 8 #Mining #AI

Editor: Yulia Krasnaya
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