Hut 8 Corp. announced a 15-year, $9.8 billion triple-net lease for 352 MW of AI data center capacity at its Beacon Point campus in Texas, designed with NVIDIA's DSX architecture. This deal increases Hut 8's total contracted AI data center capacity to 597 MW, valued at approximately $16.8 billion, with potential to reach $25.1 billion if renewal options are exercised. The project is expected to start delivering data halls by Q3 2027 and is supported by partnerships with American Electric Power, Vertiv, and Jacobs. This lease marks a significant step in Hut 8's power-first development model, enabling scalable AI infrastructure for hyperscale compute workloads.
Bitcoin mining companies are capitalizing on a power shortage caused by the surge in AI data centers, which face long waits for grid connections. Major miners like TeraWulf have signed multi-billion dollar, long-term leases with AI firms, generating ...
Hut 8 Corp., a company specializing in energy infrastructure for advanced technologies, announced it will publish its financial results for the second quarter of 2026 before the market opens on August 4, 2026. The company will also hold a conference ...
