Cryptomine and HPC data center developer Hut 8 has signed an extended lease with a hyperscale customer in Texas.
The company this week announced the commercialization of the second phase of its Beacon Point data center campus in Nueces County, Texas, via a second 15-year, $9.8 billion lease for 352MW of IT capacity.
– Hut 8
The 525-acre campus is located near Corpus Christi. The tenant is an unnamed high-investment-grade company, leasing the capacity on a triple net (NNN) basis. The lease includes three 5-year renewable options.
The same firm previously executed the Phase I lease at Beacon Point and has now doubled its contracted IT capacity at the campus to 704MW.
