Hut 8 signs a 15-year, $9.8bn lease for the first phase of its Texas AI data centre
The Beacon Point lease, anchored by an unnamed investment-grade tenant, lifts Hut 8’s contracted AI capacity to 597 MW and $16.8bn in base-term value. The Bitcoin-miner-to-AI-landlord pivot is now substantially complete.
TL;DR
- Hut 8's pivot to becoming an AI landlord is substantially complete.
- A new lease at Beacon Point, secured by an unnamed investment-grade tenant, is a key part of this transition.
- The lease increases Hut 8's contracted AI capacity to 597 MW.
- The total base-term value for Hut 8's AI operations now stands at $16.8 billion.