Highrise AI

Hut 8 has signed a 15-year, 352 MW AI data center lease at its Beacon Point campus with base-term contract value of $9.8 billion and up to $25.1 billion if all renewal options are exercised. Envisioned as a multi-phase, multi-tenant campus, Beacon Point is the second AI data center campus commercialized under Hut 8’s power-first, greenfield development model. We have executed an interconnection agreement for 1,000 MW of utility capacity, providing significant runway for potential campus expansion and revenue growth. The transaction brings our total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billion and aggregate average annual NOI of approximately $1.1 billion.

Asher Genoot, CEO of Hut 8, on our partnership with @AnthropicAI and @Fluidstack to develop and deliver up to 2,295 MW of AI data center infrastructure in the United States: