Hut 8 releases Beacon Point data center campus presentation outlining 1,000 MW Texas buildout plans
HUT•Projected NOI contribution
Projected average annual NOI contribution is listed at $655 million per lease, or $1.3 billion total.
Beacon Point campus outline
Hut 8 outlined Beacon Point, a Texas AI data center campus in Nueces County with 1,000 MW of utility capacity under an AEP Texas interconnection.
The campus is fully commercialized under two 15-year triple-net leases totaling 704 MW of contracted IT capacity, split into two 352 MW phases.
Contract value and project timing
The base-term contract value totals $19.6 billion, with 3% annual rent escalators; renewal options lift potential value to $50.2 billion.
Target initial delivery and commissioning is Phase 1 in Q3 2027 and Phase 2 in Q2 2028.
