Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 Billion
Hut 8 signed a 15-year, $9.8 billion triple-net lease for 352 MW of IT capacity at its Beacon Point campus with a high-investment-grade tenant, boosting total contracted capacity to 597 MW. The aggregate base-term contract value across Hut 8's portfolio now stands at approximately $16.8 billion, with potential upside to $25.1 billion if renewal options are exercised.
Key figures
- Guidance
- Total contracted AI data center capacity increased to 597 MW with aggregate base-term contract value of approximately $16.8 billion
- Deal Value Usd
- 9800000000
- Annual noi
- 655000000
- Mw capacity
- 352
- Pipeline mw
- 8375
- Total contracted mw
- 597
- Potential renewal value
- 25100000000
- Aggregate base term value
- 16800000000
AI analysis
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