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Hut 8 Expands AI Campus Commitments While Funding Buybacks With Bitcoin Sales
Hut 8 said a second 352-megawatt IT lease fully commercialised its Beacon Point AI campus. It put expected aggregate base-term contract value across its AI data-centre portfolio at about $26.6 billion, reported 1,330 MW of utility capacity under construction, and said it sold Bitcoin to fund share repurchases.
Published:
Updated:
What happened
Hut 8 said a second 352-megawatt IT lease fully commercialised its Beacon Point AI campus. It put expected aggregate base-term contract value across its AI data-centre portfolio at about $26.6 billion, reported 1,330 MW of utility capacity under construction, and said it sold Bitcoin to fund share repurchases.
Confirmed
Global impact / market context
The leases could give Hut 8 a clearer basis for building AI data centres and securing tenants, while Bitcoin sales provide funding for share repurchases. But the stated contract value covers years of commitments, not revenue already received, and construction must still be completed.
Analyst inference
Hut 8’s update points to a business increasingly focused on AI data centres rather than only Bitcoin infrastructure. For investors, that shifts attention toward power access, construction progress and tenant demand, while Bitcoin sales link corporate funding decisions to its holdings of the cryptocurrency.
Analyst inference
What to watch
- Watch whether Hut 8 meets its initial River Bend data-hall delivery target in the second quarter of 2027, a key step toward turning commitments into operating capacity. Confirmed
- Track Beacon Point’s planned Phase 1 delivery in the third quarter of 2027 and Phase 2 in the second quarter of 2028; delays could defer revenue. Confirmed
- Watch future disclosures on Bitcoin sales and share repurchases to assess how much mining-era holdings fund buybacks versus the company’s AI data-centre buildout. Analyst inference
Affected assets
- BTC — Bitcoin