Hut 8 secures $9.8B AI lease to fill 1 GW Texas campus

On 20 July 2026, Hut 8 announced a second 15‑year IT lease worth $9.8 billion with an existing investment‑grade customer for 352 MW of AI data center capacity at its Beacon Point campus in Texas. The deal fully commercialises the 1‑gigawatt site and lifts the campus’ base‑term contract value to $19.6 billion, with options that could raise it to $50.2 billion.