Hut 8 to Lease Texas AI Data Center for at Least $9.8 Billion
Hut 8 Corp has signed a 15-year lease worth at least $9.8 billion to provide computing power to a high-investment-grade company at a Texas AI data center. The agreement may rise to $25.1 billion if the tenant exercises all three five-year extensions.
Hut 8 Corp, a cryptocurrency miner shifting to AI data center development, has signed a lease worth at least $9.8 billion over 15 years. The AI facility is located at Beacon Point in Nueces County, Texas. The data center developer declined to name the tenant. The agreement may rise to $25.1 billion with three five-year extensions. Hut 8 announced the deal on Wednesday.
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