Hut 8 signs second $9.8B lease for Texas AI data center campus, fully commercializing 1 GW site

Hut 8 fully commercializes its 1 GW Beacon Point campus in Texas with a second 15-year lease, doubling an existing tenant's capacity to 704 MW. The deal values the lease at $9.8 billion and marks a major milestone for the crypto miner's AI data center pivot.

• Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector
• Hut 8 is fully commercializing its Texas AI data center campus with a second $9.8 billion lease