Hut 8 signs second 352 MW lease at Texas AI data center campus
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Hut 8 Fully Commercializes 1 GW Beacon Point AI Data Center Campus with Second 352 MW IT Lease, Bringing Campus-Level Base-Term Contract Value to $19.6 Billion
July 20, 2026 6:30 AM EDT15-year, 352 MW IT lease doubles the existing high-investment-grade tenant's contracted capacity to 704 MW
Total contracted IT capacity across Hut 8's AI data center portfolio rises to 949 MW, supported by 1,330 MW of utility capacity, with aggregate base-term contract value of $26.6 billion and average annual NOI of more than $1.75 billion
100% of Hut 8's contracted AI data center capacity is leased to or backstopped by investment-grade counterparties
Renewal options increase potential campus-level contract value to $50.2 billion
MIAMI, July... More
