Hut 8 inks $9.8B 15-year lease to scale Texas AI data center campus
AI Market Summary
Hut 8's $9.8B, 15-year lease expansion for its Texas Beacon Point AI campus fully commercializes 1GW of power capacity and lifts total contracted value to ~$19.6B, reinforcing the mining sector's pivot toward long-duration AI infrastructure cash flows. The deal adds 352MW of NVIDIA-based compute, boosting confidence across adjacent miner and hosting names as reflected in early gains for peer equities and the miners ETF.
Impact level
● Medium
Affected assets
NCSKHIVE2USD/USDT+8.97%
AI Insight · NCSKHIVE2USD/USDTAI Insight
▲ Bullish
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ME News reported that on July 20 (UTC+8), bitcoin miner and AI infrastructure developer Hut 8 (HUT) signed a second-phase, 15-year lease with the same investment-grade tenant valued at about $9.8 billion, supporting its Beacon Point AI data center campus in Texas. The agreement adds 352 megawatts of NVIDIA-architecture AI compute, lifting the tenant's total contracted capacity at the site to 704 megawatts and fully commercializing the campus's 1-gigawatt power capacity. With the new deal, total contract value tied to the campus increases to roughly $19.6 billion. In early trading, shares of IREN, Cipher Mining (CIFR), TeraWulf (WULF), and the CoinShares Bitcoin Miners ETF (WGMI) rose together. (Source: PANews)
