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Hut 8 Beacon Point AI Data Center Campus

PRJ-0671 · Site · Texas, United States

Record last updated Oct 28, 2026

Scope and capacity

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.

Headline: 704 MW Contracted

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Location context · Beacon Point campus | Nueces County | Texas

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 57110 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Lifecycle status · Construction

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 57111 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Reported capacity · 352 MW

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 57112 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

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

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 57113 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Location context · Beacon Point campus | Nueces County | Texas

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111123 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Lifecycle status · Construction

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111124 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Reported capacity · 704 MW

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111125 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

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

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111126 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Development scale · 704 MW contracted critical IT across two phases

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111143 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 quarter ended June 2026 Form 10-Q

    Hut 8 · Document date: Aug 12, 2026 · Corroborating

    Source reference: SRC-6185 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm

  2. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Development milestone · Approximately 1,000 MW utility capacity

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111144 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 quarter ended June 2026 Form 10-Q

    Hut 8 · Document date: Aug 12, 2026 · Corroborating

    Source reference: SRC-6185 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm

  2. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Power arrangement · Phase 1 financed with $4.25 billion of secured notes

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111145 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 quarter ended June 2026 Form 10-Q

    Hut 8 · Document date: Aug 12, 2026 · Corroborating

    Source reference: SRC-6185 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm

  2. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Site configuration · Phase 2 initial delivery expected Q2 2028.

Actual · Hut 8 Beacon Point AI Data Center Campus (Project)

Claim 111146 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Hut 8 quarter ended June 2026 Form 10-Q

    Hut 8 · Document date: Aug 12, 2026 · Corroborating

    Source reference: SRC-6185 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm

  2. Hut 8 commercializes first phase of Beacon Point

    Hut 8 · Document date: May 6, 2026 · Primary

    Source reference: SRC-3100 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html

Counterparties and capital

American Electric Power · Utility provider · CMP-1417

Hut 8 · Developer · CMP-1416

Jacobs · Contractor · CMP-1418

Debt financing

$4,250,000,000 · Jun 1, 2026

Beacon Point Phase 1 data center and substation construction.

Hut 8 (Sponsor)

Sources (2)

Financing record 211; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.