Hut 8 files to build $399 million Beacon Point AI data center
- —Project investment is about $399 million, building area is 657,000 square feet
- —Construction starts September 28, completion planned for November 2027
- —Two 15-year leases for 704 MW of IT capacity worth $19.6 billion
- —Hut 8's AI data center portfolio totals 949 MW of contracted capacity worth $26.6 billion
Why it matters: Hut 8 continues its shift from bitcoin mining to AI infrastructure, changing how miners are valued through data center capacity.
Source: TokenPost