Hut 8 Secures Major AI Data Center Lease in Texas
- Hut 8 signed a $9.8 billion lease for a data center at Beacon Point, Texas, with a capacity of 352 megawatts.
- The project is expected to begin energization in the first quarter of 2027, with initial data hall delivery by the third quarter.
- The agreement could generate approximately $655 million in annual net operating income once stabilized.
- This deal follows Hut’s earlier River Bend project and brings their total contracted IT capacity to about $16.8 billion.
- Beacon Point was initially planned for bitcoin mining but shifted to AI infrastructure due to evolving demands.
Hut’s latest lease agreement highlights a strategic shift toward AI and hyperscale computing, driven by growing demand for high-density GPU infrastructure. The Beacon Point campus exemplifies Hut’s “power-first” strategy, securing large-scale power access before site commercialization decisions are made.
The new lease at Beacon Point significantly boosts Hut’s portfolio, reflecting its focus on adapting to market trends and expanding its presence in the AI infrastructure sector (Source).
