Hut 8 Stock Rises After Signing Second Lease That Fully Commercializes Beacon Point Campus - Hut 8 (NASDA

The $9.8B Lease Doubles IT Capacity The 15-year triple net lease is valued at $9.8 billion over its base term, inclusive of a 3.0% annual base rent escalator, and doubles the existing tenant's contracted IT capacity at the campus to 704 MW. The tenant -- a high-investment-grade company that also executed the Phase 1 lease -- will be served by a second 352 MW AI factory designed to NVIDIA's DSX reference architecture. The transaction fully commercializes Beacon Point against its 1,000 MW of utility capacity, secured under an interconnection agreement with AEP Texas. Initial Phase 2 data hall delivery is expected in the second quarter of 2028, with three five-year renewal options that could increase potential campus-level contract value to $50.2 billion if all are exercised. "We took this greenfield site from first lease to full commercialization in just months," said Asher Genoot, CEO of Hut 8. "That speaks to the quality of the sites we originate, the credibility of our delivery, and the long-term orientation of our partnerships. The opportunity ahead of us is to apply the same model across our development pipeline." Portfolio Highlights Hut Shares Climb Higher HUT Price Action: At the time of publication, Hut shares are trading 11.56% higher at $102.02, according to data from Benzinga Pro. This illustration was generated using artificial intelligence via Midjourney. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

来源：Followin（查看原文）。本文用于加密行业资讯聚合，版权归原作者所有，如有侵权请联系删除。