AI Compute Deal Ledger · HUT · Free Dataset · CC BY 4.0

Hut 8: The AI Deal Record

Every Hut 8 deal in the ledger, with the source on every row. Binding base-term value: $19.6B across 704 MW of contracted IT capacity. Snapshot disclosures (backlog restatements, order intake, program envelopes) are listed but never summed.

Binding value

$19.6B

2 binding deals, base terms

Binding capacity

704 MW

contracted IT load with disclosed MW

Not binding

·

0 LOI / framework / reported

Deal by Deal

2026-07-20BindingExpansion

Hut 8 (Provider) · Undisclosed investment-grade tenant (Hut 8) (Buyer)

Value
$9.8B
$25.1B with all options
Capacity / term
352 MW · 15y
$1.86M per MW-year
First revenue
2028-04

Second 352 MW lease at Beacon Point with the same investment-grade tenant as Phase 1, fully commercializing the 1 GW campus: $19.6B campus base-term value, up to $50.2B with all renewals. 3.0% annual escalator, triple net, built to Nvidia's DSX reference architecture. First Phase 2 data hall delivery expected Q2 2028. UPDATE 2026-08-08: the Financial Times (2026-07-28) reported, citing five people familiar with the matter, that Nvidia is the previously undisclosed tenant behind both Beacon Point leases. Neither Hut 8 nor Nvidia has confirmed this and Reuters said it could not independently verify the report, so the buyer party here stays 'undisclosed-ig-tenant-hut8' rather than being re-linked to 'nvidia'; re-link once either company confirms.

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2026-05-06Binding

Hut 8 (Provider) · Undisclosed investment-grade tenant (Hut 8) (Buyer)

Value
$9.8B
$25.1B with all options
Capacity / term
352 MW · 15y
$1.86M per MW-year
First revenue
not disclosed

First phase of the 1 GW Beacon Point campus in Nueces County, Texas. 15-year triple-net IT lease with a high-investment-grade tenant; up to $25.1B if all three five-year renewal options are exercised. Tenant undisclosed. UPDATE 2026-08-08: the Financial Times (2026-07-28) reported, citing five people familiar with the matter, that Nvidia is the previously undisclosed tenant behind both Beacon Point leases. Neither Hut 8 nor Nvidia has confirmed this and Reuters said it could not independently verify the report, so the buyer party here stays 'undisclosed-ig-tenant-hut8' rather than being re-linked to 'nvidia'; re-link once either company confirms.

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Part of the free AI Compute Deal Ledger by Regards of Wallstreet, licensed CC BY 4.0. Cite it, chart it, link it.