Hut 8 announces Beacon Point in Nueces County, TX

Published Friday, May 8, 2026

by HUT 8

Triple-net lease with high-investment-grade tenant valued at up to $25.1 billion if all renewal options are exercised
Transaction expands Hut 8’s total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billion
Hut 8 to deliver a 352 MW AI factory designed to NVIDIA’s DSX reference architecture for gigawatt-scale AI infrastructure
Executed under Hut 8’s repeatable delivery model with Tier 1 counterparties: American Electric Power (Nasdaq: AEP), Vertiv Holdings Co (NYSE: VRT), and Jacobs (NYSE: J)