Why it matters
The strategic read
Turns another crypto-infrastructure operator into a contracted AI-factory landlord at hyperscale. Hut 8 is commercializing 352 MW of IT capacity under a long-duration lease while naming AEP, Vertiv, and Jacobs as delivery counterparties, making power access, electrical equipment, and EPC execution central to the economics.
Source-supported terms
What was disclosed
- 01
Hut 8 announced a triple-net lease with a high-investment-grade tenant for the first phase of the Beacon Point AI Data Center Campus.
- 02
The base term covers 15 years and 352 MW of IT capacity, with a base-term contract value of $9.8B.
- 03
The transaction is valued at up to $25.1B if all renewal options are exercised.
- 04
Hut 8 says the deal expands total contracted AI data-center capacity to 597 MW with aggregate base-term contract value of approximately $16.8B.
- 05
The company plans to deliver a 352 MW AI factory designed to NVIDIA DSX reference architecture for gigawatt-scale AI infrastructure.
- 06
Hut 8 named American Electric Power, Vertiv, and Jacobs as Tier 1 counterparties in the repeatable delivery model for the project.
- 07
On June 5, 2026, Hut 8 announced that wholly owned subsidiary Beacon Point DC LLC priced a $4.25B private offering of 6.129% senior secured notes due 2042 to finance the Beacon Point data-center project.
- 08
Hut 8 said the financing is fully amortizing and non-recourse to Hut 8 Corp., and the offering is expected to close on June 9, 2026 subject to market and other customary conditions.
- 09
DCD reported that the proceeds are intended to fund development and construction of the turnkey data center, six data halls on a 521-acre Nueces County property and an onsite substation, with a 1 GW interconnection agreement at the site.
Disclosure boundary
What is known—and what is not
Public company announcements and DCD financing coverage; tenant identity, full lease, pricing schedule, renewal mechanics, power-service agreements, equipment contracts, final note indenture, collateral package, covenant details and construction milestones are not public in full contract form. The June 5 note pricing materially advances project financing, but the offering was still expected to close on June 9, 2026 when announced.