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Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 Billion
Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the commercialization of the first phase of its Beacon Point data center campus in Nueces County, Texas through a 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity (the "Transaction"). The tenant, a high-investment-grade company, will de
About this update from Vertiv Holdings, Llc
[{"type":"text","content":"Triple-net lease with high-investment-grade tenant valued at up to $25.1 billion if all renewal options are exercised","length":117,"tagName":"p"},{"type":"text","content":"Transaction expands Hut 8's total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billion","length":153,"tagName":"p"},{"type":"text","content":"Hut 8 to deliver a 352 MW AI factory designed to NVIDIA's DSX reference architecture for gigawatt-scale AI infrastructure","length":125,"tagName":"p"},{"type":"text","content":"Executed under Hut 8's repeatable delivery model with Tier 1 counterparties: American Electric Power (Nasdaq: AEP), Vertiv Holdings Co (NYSE: VRT), and Jacobs (NYSE: J)","length":172,"tagName":"p"},{"type":"text","content":"MIAMI, May 6, 2026 /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the commercialization of the first phase of its Beacon Point data center campus in Nueces County, Texas through a 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity (the "Transaction"). The tenant, a high-investment-grade company, will deploy dedicated compute infrastructure at the campus to support AI training and inference workloads at hyperscale.","length":688,"tagName":"p"},{"type":"image","alt":"Rendering of Hut 8's Beacon Point data center campus in Nueces County, Texas","displaySize":"","headline":null,"caption":"Rendering of Hut 8's Beacon Point data center campus in Nueces County, Texas","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":202,"url":"https://media.zenfs.com/en/prnewswire.com/060d4c6d069f5444ebe705c61e918e23"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QFcWKFfS9v1stqoc4n8qUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1Ng--/https://media.zenfs.com/en/prnewswire.com/060d4c6d069f5444ebe705c61e918e23","width":400,"height":202},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/KeKaeRIBK6u.SmdeE431WA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTMyMw--/https://media.zenfs.com/en/prnewswire.com/060d4c6d069f5444ebe705c61e918e23","width":400,"height":202}},"href":"https://mma...