Hut 8 Fully Commercializes 1 GW Beacon Point AI Data Center Campus with Second $9.8B Lease, Doubling Contracted Capacity
HUT has more than doubled off its 52-week low of $18.68.
Summary
Hut 8 has fully commercialized its 1 GW Beacon Point AI data center campus with a second $9.8 billion lease, doubling the tenant's contracted capacity and bringing total portfolio contract value to $26.6 billion.
Key Events · M&A and Partnerships · HUT
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Second $9.8B Lease Signed
Hut 8 signed a second 15-year, $9.8 billion lease for 352 MW of IT capacity at its Beacon Point campus, doubling the existing high-investment-grade tenant's contracted capacity to 704 MW.
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Full Campus Commercialization
The transaction fully commercializes the 1 GW Beacon Point campus, bringing campus-level base-term contract value to $19.6 billion and total portfolio contract value to $26.6 billion.
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Significant NOI Contribution
Expected average annual NOI from the campus rises to $1.31 billion, with total portfolio average annual NOI exceeding $1.75 billion.
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Renewal Options Add Upside
Three 5-year renewal options per lease increase potential campus-level contract value to $50.2 billion if all options are exercised.
Analysis · HUT · Crypto Assets
Hut 8 has signed a second 15-year, $9.8 billion lease for 352 MW of IT capacity at its Beacon Point campus, fully commercializing the 1 GW site. The tenant, the same high-investment-grade company from Phase 1, has doubled its contracted capacity to 704 MW. This brings total contracted AI data center capacity to 949 MW, with aggregate base-term contract value of $26.6 billion and average annual NOI of more than $1.75 billion. The deal validates Hut 8's power-first development model and significantly de-risks its growth pipeline, with renewal options potentially lifting campus-level contract value to $50.2 billion. The news comes just hours after a PR Newswire release highlighted the same event, underscoring its market-moving significance.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HUT was trading at $102.26 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $18.68 to $140.80. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.