Hut 8 fully commercializes 1 GW Beacon Point campus with second 352 MW lease; total campus contract value $19.6B

Hut 8 Corp.

Second 15-year, $9.8B lease for 352 MW IT capacity at Beacon Point; same high-investment-grade tenant as Phase 1.
Total campus contracted IT capacity now 704 MW; campus fully commercialized against 1,000 MW utility capacity.
Campus-level base-term contract value rises to $19.6B; renewal options could increase to $50.2B.
Hut 8's total AI data center portfolio reaches 949 MW contracted, $26.6B base-term value, avg annual NOI >$1.75B.
Initial Phase 2 data hall delivery expected Q2 2028; site prep underway, energization on schedule Q1 2027.

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