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Hut 8 signs $9.8B lease for 352MW AI capacity in Texas, doubling its Beacon Point footprint.

Market News
21 Jul 2026
Bitcoin
View Source
Bullish
pluang ai news

Hut 8 secured a $9.8 billion, 15-year lease for 352 megawatts of AI infrastructure at its Beacon Point campus in Texas, doubling the tenant's total leased capacity there to 704 MW. This deal highlights a trend where bitcoin miners are pivoting from mining hardware to long-term AI data center contracts, turning power assets into steady revenue streams. Hut 8 plans to energize the new AI factory by Q1 2027 and deliver it by Q2 2028, expanding its AI portfolio to 949 MW. The lease includes a 3% annual rent increase and is expected to generate about $655 million in annual net operating income after stabilization, reinforcing Hut 8's strategy to monetize power capacity over hardware alone.

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BlackRock Canada announces July 2026 monthly cash distributions for iShares ETFs.

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