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 8โs 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.
@nic_carter@scottmelker So quantum cracks bitcoin. Why is everyone worried about bitcoin. What about your own bank accounts and other secure password accounts. Quantum will crack that tooโฆ
Interceptor missiles are flying from in-front of my building (facing inland) to behind it to take out incoming missiles from Iran and debris is hitting Dubai. No missiles are landing. Surreal.
@notgrubles This quantum shit makes no sense. Like shouldnโt everyone be worried about their multiple bank accounts too. Why just your bitcoin wallet lol.
๐จHut 8 Announces AI Infrastructure Partnership with Anthropic and Fluidstack
Hut signs 15 year 245 mw, $7B AI data center lease at Riverbend Campus
Google providing backstop covering obligations for 15-year base lease
Lease valued at $17.7B if all options exercised
HUT +24%
@dampedspring@Tony_Schultz_@JoeCarlasare They do have a competitive advantage. Getting bitcoin now before itโs a million. Everyone gets bitcoin at the price they deserve.