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...