Hut 8 Secures $9.8B AI Data Center Lease

Hut 8 secures a colossal 15-year lease worth $9.8 billion for its Beacon Point data center campus in Texas, powering AI models for an unnamed tech giant. The deal, structured as a take-or-pay triple-net lease with annual rent hikes, could reach $25.1 billion. With demand for AI infrastructure surging, Hut 8 aims to build over 7 GW, positioning itself as a key player in the AI race. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2e437ebaa103509d

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