Hut 8 signed a 15-year, USD 9.8 billion triple-net lease for 352 MW of IT capacity at its Beacon Point AI data center campus.
The deal doubles the existing high-investment-grade tenant’s contracted capacity at Beacon Point to 704 MW; campus base-term contract value rises to USD 19.6 billion.
Phase 2 is designed to NVIDIA’s DSX reference architecture; initial data hall delivery is expected in Q2 2028.
Total contracted IT capacity across Hut 8’s AI data center portfolio increases to 949 MW; base-term contract value totals USD 26.6 billion.
Portfolio average annual NOI is expected to exceed USD 1.75 billion; renewal options could lift Beacon Point contract value to USD 50.2 billion.
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