Hut 8

A data center campus is a multi-decade commitment to a community. We believe that commitment begins long before the foundation is poured.   As we develop our one-gigawatt Beacon Point project in Nueces County, Texas, we intend to be a thoughtful and enduring presence in the Coastal Bend.  This spring, we sponsored the Buc Days Build, a project organized in partnership with Habitat for Humanity Corpus Christi. Alongside fellow volunteers at the city's annual Buc Days festival, members of our team helped raise the frame of what will become home for the Ramon family — a single mother and her two daughters in Robstown. We are proud to support organizations and initiatives that strengthen the communities where we build. Our thanks to Habitat for Humanity Corpus Christi and Buc Days for allowing us to be part of this effort. We look forward to continuing to support the Coastal Bend community in meaningful and lasting ways. 

Each campus we develop represents a long-term investment in the infrastructure, workforce, and institutions that enable durable economic growth. Hut 8 is committing $16 million to expand water system capacity in West Feliciana Parish, Louisiana, in connection with the first phase of our River Bend AI data center campus. The investment will fund a new water well and approximately eight miles of water main, which will be transferred to the parish at no cost to taxpayers. Once complete, these improvements are expected to expand service and reliability for more than 4,000 households and 200 employer establishments across the parish.  Read the full release: https://lnkd.in/eWRdMqN2

Hut 8 is officially a Great Place To Work®. This certification, based on an anonymous employee survey, reflects the pride we take in our work, the trust our leadership team has earned, and the camaraderie that unites our teams. Our culture is what makes ambitious work possible. Hut 8 is building a platform designed to evolve alongside energy-intensive technologies for decades to come, and execution at that scale takes alignment, accountability, and trust. We're hiring across our platform. Come build with us: https://lnkd.in/gpJqUWAU   

Hut 8 CEO Asher Genoot will appear on CNBC Power Lunch at 2:25 p.m. ET today to discuss our second hyperscale AI data center lease — a 15-year, $9.8 billion triple-net agreement with an investment-grade tenant at our 1 GW Beacon Point campus — and the forces shaping U.S. AI infrastructure development. 

Today, we announced our results for Q1 2026. Two years of foundation-building have translated into $16.8 billion in triple-net, take-or-pay contracted lease revenue across two hyperscale AI campuses, underpinned by blue-chip, investment-grade counterparties. During the quarter, we demonstrated the repeatability of our power-first model. At Beacon Point, we signed a 15-year, 352 MW IT AI data center lease representing $9.8 billion in base-term contract value. Subsequent to quarter-end, we closed an offering of $3.25 billion of fully amortizing 16.5-year investment-grade senior secured notes to finance the construction of River Bend — the first single-sponsor data center project to access the investment-grade construction bond market. We streamlined our asset base through the divestiture of our 310 MW portfolio of natural gas power plants. And with an 8,375 MW development pipeline, we believe we are positioned to continue scaling with uncompromising discipline as we build what we believe will become an enduring, generational business at the intersection of energy and technology. Read the full release: https://lnkd.in/dytyNNAU

Hut 8 has signed a 15-year, 352 MW AI data center lease at its Beacon Point campus with base-term contract value of $9.8 billion and up to $25.1 billion if all renewal options are exercised. Envisioned as a multi-phase, multi-tenant campus, Beacon Point is the second AI data center campus commercialized under Hut 8’s power-first, greenfield development model. We have executed an interconnection agreement for 1,000 MW of utility capacity, providing significant runway for potential campus expansion and revenue growth.  The transaction brings our total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billion and aggregate average annual NOI of approximately $1.1 billion. Read the full release: https://lnkd.in/dFs7MBRk

With the closing of our $3.25 billion offering, River Bend is now the first single-sponsor data center project to access the investment-grade construction bond market. The offering establishes a first-of-its-kind financing model for data center development. Read the full release: https://lnkd.in/eQVKBaTQ

Hut 8 has priced $3.25 billion of investment-grade senior secured notes due 2042. The fully amortizing notes will finance the development and construction of a turnkey 245 MW data center at our River Bend campus. 

Hut 8 CEO Asher Genoot will deliver the closing keynote at eMerge Americas, joined by American Bitcoin Co-founder Eric Trump and moderated by eMerge President and former Miami Mayor Francis X. Suarez. The conversation will explore how Bitcoin, energy infrastructure, and policy are converging — and what it takes for cities like Miami to turn that momentum into long-term economic leadership. 

Hut 8 will release financial results for the first quarter of 2026 before the market opens on May 6, 2026. The Company will host a conference call and webcast to discuss the results on the same day at 8:30 a.m. ET.