Hut 8 has signed a $9.8 billion lease for 352 megawatts (MW) at Beacon Point, an AI-focused campus in Texas. The deal doubles the company's capacity at the site to 704 MW and pushes total contracted capacity across the campus to 949 MW. This is the second lease Hut 8 has signed at Beacon Point.
Beacon Point campus expansion
The new lease adds significant power to Hut 8's footprint at Beacon Point, which is described as an AI campus. With the previous lease, Hut 8 already had 352 MW under contract. The additional 352 MW brings the company's total at the site to 704 MW. Across the entire campus, other tenants have also contracted capacity, bringing the combined total to 949 MW.
Why the lease matters
Hut 8 is positioning itself to serve the growing demand for AI computing. The Beacon Point campus in Texas offers access to substantial power infrastructure, a key requirement for large-scale AI data centers. The $9.8 billion price tag reflects the scale of the investment needed to build out and operate the capacity.
The company did not disclose the lease term or specific timeline for when the new capacity will come online. But the deal signals that Hut 8 is betting big on AI workloads driving long-term demand for energy-intensive computing.
Hut 8 will need to secure financing and begin construction to bring the new capacity online. The company has not announced a target date for when the 352 MW will be operational. Investors and industry watchers will be looking for updates on how Hut 8 plans to fund the buildout and which customers will fill the space.
