Hut 8 signs second 15-year USD 9.8 billion lease for 352 MW at Beacon Point AI data center campus

Reuters2026/07/20 10:31

By:Reuters

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Hut 8 signed a 15-year, USD 9.8 billion triple-net lease for 352 MW of IT capacity at its Beacon Point AI data center campus.
Deal doubles the existing high-investment-grade tenant’s contracted capacity at Beacon Point to 704 MW; campus base-term contract value rises to USD 19.6 billion.
Phase 2 is designed to NVIDIA’s DSX reference architecture; initial data hall delivery is expected in Q2 2028.
Total contracted IT capacity across Hut 8’s AI data center portfolio increases to 949 MW; base-term contract value totals USD 26.6 billion.
Portfolio average annual NOI is expected to exceed USD 1.75 billion; renewal options could lift Beacon Point contract value to USD 50.2 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hut 8 Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607200630PR_NEWS_USPR_____FL07773) on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hut 8 signs second 15-year USD 9.8 billion lease for 352 MW at Beacon Point AI data center campus

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