Nvidia signed leases worth up to $50 billion for Hut 8’s Beacon Point AI data center campus in Nueces County, Texas, designed to house hundreds of thousands of its own graphics processing units. The deal covers two 15-year long-term leases with a base contract value of $19.6 billion and renewal options that could push the total to $50 billion. Hut 8’s total contracted IT capacity now stands at 949 megawatts with a base contract value of $26.6 billion. Nvidia plans to sublease portions of the facility to hyperscalers and cloud service providers. This transaction marks a major strategic shift for Nvidia, moving from selling chips to controlling the infrastructure they run on.
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