Hut 8 has fully commercialised its Beacon Point campus with a second 352 MW lease, bringing the expected contract value of its AI data-centre portfolio to about $26.6 billion. The company reports 1,330 MW of utility capacity under construction across its major AI projects and targets the first River Bend data-hall delivery in the second quarter of 2027, followed by Beacon Point in the third quarter of 2027 and the second quarter of 2028. Hut 8 bought back $74.7 million of shares by selling approximately 954 Bitcoin, then repurchased another $175.3 million after selling roughly 2,148 additional Bitcoin. It subsequently increased its buyback authorisation to $1 billion and closed a $1.07 billion senior secured revolving credit facility. However, these long-term commitments are not realised revenue and still depend on power availability, construction, financing and the operational launch of the facilities.
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