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Major US Miner Hut 8 Fully Commercializes 1GW AI Data Center, Secures $9.8 Billion in Additional Contracts Over 15 Years

2026/07/21 17:01 (Updated 2026/07/21 18:01)
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Written by N.Koda
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Major US Miner Hut 8 Fully Commercializes 1GW AI Data Center, Secures $9.8 Billion in Additional Contracts Over 15 Years

Full Capacity Supply Capability Contracted

Full Capacity Supply Capability Contracted

Nasdaq-listed Hut 8 announced on the 20th that it has entered into a long-term lease agreement worth $9.8 billion over 15 years for the second phase, targeting 352 megawatts (MW) of IT capacity, at its 'Beacon Point' AI data center in Nueces County, Texas.

The contract is with an investment-grade company that had already signed a lease agreement for the first phase, and this expansion brings the company's contracted IT capacity to...

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.