Hut 8 signs $9.8B Texas AI data center lease
Hut 8 agreed to a 15-year lease worth $9.8 billion for its Beacon Point data center campus in Texas, with potential value reaching $25.1 billion including renewal options. The deal covers 352 megawatts of capacity in the first phase and reflects surging demand for computing infrastructure to support AI model training. The company's stock jumped over 30% in premarket trading on the announcement.
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HUT 8 CORP signed a 15-year, $9.8 billion lease for its Beacon Point data center campus in the United States. Shares of the developer rose over 30% in premarket trading on Wednesday following the announcement. The deal secures 352 megawatts of capacity for an undisclosed tenant to support large-scale AI training and operations.
