Hut 8 Commercializes 1 GW Beacon Point Data Center With $9.8 Billion 15-Year Lease

3 articles · Updated · CNBC · Jul 20

Hut 8 shares jumped 12% in premarket trading after the company said it had fully commercialized its 1 gigawatt Beacon Point data center in Texas.
The milestone came through a 15-year, $9.8 billion lease signed with an existing customer, locking in long-term revenue for the site.
Beacon Point’s full lease-up made Hut 8 one of the biggest movers before the bell, outpacing gains in Alibaba, Domino’s Pizza and a broader semiconductor rebound.
The deal underscores investor demand for large-scale data center capacity tied to long-duration contracts, especially as AI infrastructure spending remains a key market theme.

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