Sources
Hut 8 Signs $9.8B, 15-Year AI Data Center Lease at Beacon Point — 352MW NVIDIA DSX Architecture, Stock Surges 30%
Hut 8 announced May 6 the commercialization of Beacon Point's first phase: a 15-year, 352MW IT capacity lease in Nueces County, Texas with a confidential investment-grade tenant for AI training and inference. Base-term value $9.8B, up to $25.1B with three 5-year renewal options. Built to NVIDIA DSX reference architecture with 1,000MW interconnection agreement. Brings Hut 8's total contracted AI capacity to 597MW / ~$16.8B aggregate. Stock jumped over 30% on the news.
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