Hut 8 Corp. 8K

Hut 8 Corp. fully commercialized its 1 GW Beacon Point AI data center campus through a second major 15‑year lease with an investment‑grade tenant and outlined a $250 million stock repurchase program for up to 5% of its outstanding common stock.

Hut 8 Corp. announced that it has fully commercialized its 1 gigawatt Beacon Point AI data center campus in Nueces County, Texas by executing a second 15‑year, triple‑net lease for 352 MW of IT capacity with the same high‑investment‑grade tenant as Phase 1, bringing total contracted capacity at the campus to 704 MW and base‑term contract value to $19.6 billion, and raising total contracted capacity across its AI data center portfolio to 949 MW with $26.6 billion in aggregate base‑term contract value and more than $1.75 billion in expected average annual NOI; the company also highlighted a previously launched $250 million stock repurchase program, authorizing buybacks of up to 6,159,439 common shares (5% of shares outstanding) over twelve months beginning December 4, 2024.

Filing Facts

CIK

1964789

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-084862

Alert Tier

7