Hut 8 Completes Commercialization of 1 GW Beacon Point AI Data Center Campus with Second 352 MW Lease

Hut 8 announced the completion of its Beacon Point AI data center campus, including the signing of a second 352 MW IT lease for a term of 15 years. This lease doubles the capacity of its existing high-investment-grade tenant, bringing the total contracted IT capacity across Hut 8's AI data center portfolio to 949 MW. The campus-level base-term contract value now stands at $19.6 billion. The expansion supports Hut 8's strategic growth in AI infrastructure, aligning with increasing demand for large-scale data processing facilities. The company’s utility capacity is now 1,330 MW, underpinning its extensive data center operations. This development is expected to positively influence Hut 8’s market positioning and long-term revenue prospects, given the scale and duration of the contracts. The move underscores Hut 8’s commitment to expanding its AI data center footprint and securing high-value, long-term agreements in the rapidly growing data infrastructure sector.