Hut 8 Signs $9.8 Billion Lease for AI Data Center in Texas
Hut 8 signed a second 15-year lease worth $9.8 billion at its Beacon Point campus in Texas, expanding the site's IT capacity to 704 MW and completing commercialization of a 1-gigawatt facility. The agreement with an unnamed investment-grade tenant increases total base-term contract value for the campus to $19.6 billion, potentially rising to $50.2 billion including renewal options.
Tickers: $HUT
Topics: AI data centers data center leasing infrastructure investment