Hut 8 fully commercializes 1 GW Beacon Point with second 352 MW, $9.8B 15-year lease

Hut 8 fully commercialized the 1 GW Beacon Point campus with a second 15-year, $9.8 billion lease for 352 MW of IT capacity.

Key Highlights:

• Second 15-year, $9.8B triple-net lease for 352 MW doubles tenant capacity at Beacon Point to 704 MW.
• Transaction fully commercializes the 1,000 MW campus; campus base-term contract value rises to $19.6B.
• Total contracted AI data center capacity climbs to 949 MW with cumulative base-term portfolio value of $26.6B.
• Expected cumulative NOI from the 352 MW lease is $9.8B (avg $655M/yr); full 1,000 MW campus avg annual NOI $1.31B.
• Three 5-year renewal options could raise potential campus-level contract value to $50.2B; delivery begins Q2 2028.

Original SEC Filing:

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