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Hut 8 Beacon Point AI Data Center Campus

Texas, United StatesUnder construction
Evidence
Contracted
704 MW
Updated
Oct 28, 2026
Utility
American Electric Power

Hut 8 is developing Beacon Point in Nueces County as a two-phase AI campus. Two 15-year leases now cover a combined 704 MW of critical IT load within approximately 1,000 MW of utility capacity. Hut 8, American Electric Power, Jacobs is associated with the development in Nueces County, TX, US. The disclosed development scope includes 704 MW contracted critical IT across two phases; approximately 1,000 MW utility capacity; Phase 1 financed with $4.25 billion of secured notes; Phase 2 initial delivery expected Q2 2028. Power and physical infrastructure include aEP Texas interconnection supports two approximately 500 MW utility phases and purpose-built AI factories. Two executed tenant leases cover a combined 704 MW of critical IT capacity at Beacon Point. Beacon Point Phase 1 is financed with $4.25 billion of senior secured notes; the two leases have an aggregate stated base-term value of about $19.6 billion.

Capacity

Reported capacity

Actual

352 MW

Source

Reported capacity

Actual

704 MW

Source

Operating IT capacity: Not established in published records

A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.

Development

Construction programUnder construction

Project-wide phase for Hut 8 Beacon Point AI Data Center Campus; capacity class is contracted supply.

Milestones (2)
Beacon Point Nueces County development disclosed

May 6, 2026 · Recorded actual event

Completed · Announced

Source not linked
Two 352 MW phases fully contracted; Phase 1 under construction and Phase 2 scheduled for delivery from Q2 2028

Date not disclosed · Forecast / planned record

Forecast · Forecast completion

Source not linked

Participants

Hut 8

Developer

Sources by role
Developer (1)
Other participants (2)
American Electric Power

Utility provider

Sources by role
Utility provider (1)
Jacobs

Contractor

Sources by role
Contractor (1)

Capital & incentives

Capital claims and financing records may overlap. Their amounts are not added together.

Capital claims

Power arrangement

Actual

Phase 1 financed with $4.25 billion of secured notes

Source

Financing records

Debt financing

$4.25bn

Jun 1, 2026

Beacon Point Phase 1 data center and substation construction.

Parties & sources

Hut 8 (Sponsor)

Sources (2)

Site & development

Location context

Actual

Beacon Point campus | Nueces County | Texas

Source

Location context

Actual

Beacon Point campus | Nueces County | Texas

Source

Development scale

Actual

704 MW contracted critical IT across two phases

Source

Development milestone

Actual

Approximately 1,000 MW utility capacity

Source

Site configuration

Actual

Phase 2 initial delivery expected Q2 2028.

Source

Additional project facts

Lifecycle status

Actual

Construction

Source

Capacity basis

Actual

A 15-year tenant lease covers 352 MW of critical IT capacity.

Source

Lifecycle status

Actual

Construction

Source

Capacity basis

Actual

Two executed tenant leases cover a combined 704 MW of critical IT capacity at Beacon Point.

Source

Infrastructure & permits

Technical details (2)
Electric grid

Planned or represented

704 MW

Two executed tenant leases cover a combined 704 MW of critical IT capacity at Beacon Point.

Site facility

Planned or represented

AEP Texas interconnection supports two approximately 500 MW utility phases and purpose-built AI factories.

Public-source research. Plans may change. See Evidence for sources and qualifications.