Nvidia behind $50 billion lease on Texas data center, FT reports
Nvidia has signed leases worth up to $50 billion for Hut 8’s Texas data center, the Financial Times reported on Tuesday, citing five people familiar with the deal.
Hut 8 said last week its 1-gigawatt Beacon Point campus had a base-term contract value of $19.6 billion over 15 years, rising to as much as $50.2 billion if renewal options are exercised.
The company did not disclose the tenant at the time, saying it was an “existing investment-grade customer” which would install computing equipment at the site to support large-scale AI training and operations.
