Hut 8 signs $9.8 billion AI data centre lease, fully commercialises Texas campus

Short summary

Hut 8 signed a second 15-year lease worth $9.8 billion, fully commercializing its 1-gigawatt Beacon Point AI data centre campus in Texas. The deal doubles the unnamed tenant's contracted footprint, bringing Hut 8's total contracted AI data centre capacity to 949 MW. The first Phase 2 data hall is expected to deliver in 2028.

• •Hut 8 signs $9.8B 15-year lease for Texas AI data centre campus
• •Total contracted AI data centre capacity reaches 949 MW
• •First Phase 2 data hall expected in 2028

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