press release

Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 Billion

May 6, 2026
Posted by  Hut 8

  • Triple-net lease with high-investment-grade tenant valued at up to $25.1 billion if all renewal options are exercised
  • Transaction expands Hut 8’s total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billion
  • Hut 8 to deliver a 352 MW AI factory designed to NVIDIA’s DSX reference architecture for gigawatt-scale AI infrastructure
  • Executed under Hut 8’s repeatable delivery model with Tier 1 counterparties: American Electric Power (Nasdaq: AEP), Vertiv Holdings Co (NYSE: VRT), and Jacobs (NYSE: J)
Beacon Point Data Center: Preliminary Rendering
Beacon Point Data Center: Preliminary Rendering
Development Pipeline
Development Pipeline
Notes
  1. Excludes 1,000 MW of potential IT expansion capacity at River Bend, for which Fluidstack holds a ROFO under the River Bend lease.