Hut 8 Beacon Point AI Data Center Campus

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.