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Home/Deal Room/Hut 8 lands second $9.8B Beacon Point AI lease

Data centers · Evidence brief

Hut 8 lands second $9.8B Beacon Point AI lease

Hut 8 + unnamed high-investment-grade technology company

Primary sourceSEC summary2026-07-20
Deal structure15-year AI data-center lease / campus commercialization
GeographyNueces County, Texas, United States
Infrastructure layersData centers + power infrastructure + financing
Disclosed scale$9.8B base-term value for a second 15-year, 352 MW IT lease; the tenant now holds 704 MW and Hut 8 says the 1 GW Beacon Point campus is fully commercialized at $19.6B of campus-level base-term contract value

Why it matters

The strategic read

Fully contracts a gigawatt-scale Texas AI campus with one investment-grade tenant and doubles the customer's initial Beacon Point commitment. The second phase makes Hut 8's power, construction and NVIDIA DSX delivery path a long-duration contracted-infrastructure asset rather than a speculative powered-land pipeline.

Source-supported terms

What was disclosed

  1. 01

    Hut 8 announced the second Beacon Point lease on July 20, 2026.

  2. 02

    The 15-year triple-net lease covers 352 MW of IT capacity and carries $9.8B of base-term contract value.

  3. 03

    The unnamed high-investment-grade tenant also holds the first 352 MW phase, taking its total contracted capacity at Beacon Point to 704 MW.

  4. 04

    Hut 8 says the transaction fully commercializes the 1 GW campus at $19.6B of campus-level base-term contract value.

  5. 05

    The second AI factory is designed to NVIDIA's DSX reference architecture.

  6. 06

    Base rent includes a 3.0% annual escalator.

  7. 07

    Initial Phase 2 delivery is expected in the second quarter of 2028.

  8. 08

    Hut 8 reports 949 MW of total contracted AI data-center capacity supported by 1,330 MW of utility capacity.

Disclosure boundary

What is known—and what is not

Hut 8's SEC-filed exhibit discloses the signed second lease, customer credit-quality description, 352 MW IT load, 15-year base term, $9.8B base-term value, rent escalator, renewal-option structure, NVIDIA DSX design, expected initial delivery timing and resulting 704 MW tenant footprint / 1 GW campus commercialization. Public materials do not identify the tenant, publish the lease, disclose phase-level construction budget or financing, final equipment configuration, power price, service-level terms, remedies or termination rights.