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 contract value: $19.6B across 704 MW of contracted IT capacity. Guarantees and equity are totalled apart from contract value, and snapshot disclosures (backlog restatements, order intake, program envelopes) are listed but never summed.

Contract value

$19.6B

2 binding contracts, 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.