Hut 8 Fully Commercializes 1 GW Beacon Point AI Data Center Campus with Second $9.8B Lease, Doubling Contracted Capacity

summarizeSummary

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.

check_boxKey Events · M&A and Partnerships · HUT

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis · 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.