Hut 8 said in its November 4, 2026, results that a second 352 MW IT lease fully commercialised its Beacon Point AI campus. It put the expected aggregate base-term contract value of its AI data-centre portfolio at about $26.6 billion. That figure covers future commitments, not revenue already received; delivery still depends on power, construction, testing, financing and customer readiness.
Hut 8 reported 1,330 MW of utility capacity under construction and said another 1,300 MW of energy capacity had entered exclusivity. Exclusivity does not mean a facility is operating or that a utility connection is guaranteed. The company also said it used proceeds from selling about 954 Bitcoin to fund $74.7 million in share repurchases during the quarter, then sold roughly 2,148 more Bitcoin to fund another $175.3 million in repurchases.
