Hut 8 Leases 704 MW for AI Data Center Valued at $19.6B
Hut 8 is repurposing its Texas Beacon Point energy infrastructure into a major AI data center, leasing 704 MW valued at $19.6 billion over 15 years. Nvidia holds the site lease and supplies AI chips. Anthropic’s $35 billion contract with Lambda will use about half of Hut 8’s capacity to run models like Claude.