Hut 8 has contracted 949 megawatts of IT capacity that is expected to generate approximately $27 billion in base-term revenue over 15- to 17-year leases. The contracts cover the River Bend site in Louisiana and Beacon Point in Texas, where all available capacity is now commercialized with customers serving artificial intelligence and high-performance computing. The first deliveries are targeted for Q2 2027 at River Bend and Q3 2027 for the first phase of Beacon Point, while the development pipeline stands at 7,859 MW. To finance these projects, Hut 8 secured $7.5 billion in non-recourse, project-level bonds and a $1.07 billion senior secured revolving credit facility. In Q3 2026, revenue declined from $83.5 million to $71.1 million, while adjusted EBITDA increased from $30.5 million to $33 million.
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