Hut 8 signs second 15-year, $9.8B lease for 352 MW at Beacon Point, fully commercializing 1 GW campus

Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read

Key Changes

• high

  Signed second 15-year lease for 352 MW at Beacon Point with same investment-grade tenant, bringing campus to 704 MW contracted (fully commercialized against 1,000 MW utility capacity); lease valued at $9.8B base-term with 3% annual escalator.

  Exhibit 99.1 view on EDGAR →
• high

  Total AI data center portfolio now 949 MW contracted (704 MW Beacon Point, 245 MW River Bend) with $26.6B cumulative base-term contract value and expected average annual NOI exceeding $1.75B; 100% leased to investment-grade counterparties.

  Exhibit 99.1 view on EDGAR →
• medium

  Beacon Point Phase 2 initial data hall delivery expected Q2 2028; site preparation underway, long-lead equipment procured, initial energization on schedule for Q1 2027.

  Exhibit 99.1 view on EDGAR →