Hut 8 Projects About $27 Billion in Base-Term AI Lease Revenue

Bitcoin (BTC) miner Hut 8 Corp. projects about $27 billion in base-term revenue from leases covering 949 megawatts (MW) of IT capacity, as the company expands its work in AI and high-performance computing (HPC). The agreements span 15 to 17 years and cover two U.S. campuses.

The contracted capacity is at River Bend in Louisiana and Beacon Point in Texas. Beacon Point reached full commercialization in the third quarter, with customers signed for all its capacity. Hut 8 targets delivery of River Bend’s first data hall in the second quarter of 2027 and Beacon Point Phase 1 in the third quarter of 2027.

Hut 8’s development pipeline stands at 7,859 MW, including 1,330 MW under construction. Separately, the company values River Bend’s lease agreement at $7 billion over its 15-year base term.