- Hut 8 totally commercialized its 1GW Beacon Level AI campus with a second $9.8B lease.
- IREN raised its AI cloud income goal above $4B after securing $2.8B in contracts.
- Bitcoin miners proceed shifting towards AI infrastructure for secure long-term income.
Hut 8 and IREN introduced main synthetic intelligence infrastructure agreements, highlighting the business’s continued shift past Bitcoin mining. Hut 8 secured a second 15-year lease price $9.8 billion, whereas IREN raised its AI cloud income goal after signing $2.8 billion in new buyer contracts.
Hut 8 Absolutely Commercializes Texas AI Campus
Hut 8 signed its second 15-year triple-net lease protecting 352 megawatts of IT capability at its Beacon Level campus in Texas. The settlement carries a contract worth of roughly $9.8 billion and doubles the present tenant’s dedicated capability to 704 megawatts.
The newest contract totally commercializes the corporate’s one-gigawatt Beacon Level AI information heart underneath its present improvement technique. It additionally raises the campus’s mixed base-term contract worth to roughly $19.6 billion by way of two long-term agreements.
$HUT +12% *HUT 8 GETS SECOND 15-YEAR 9.8B TRIPLE-NET LEASE FOR 352 MW OF IT CAPACITY$IREN +8% *IREN RAISES YEAR-END CLOUD ARR TARGET TO OVER $4B FROM $3.7B
*SIGNS $2.8B IN NEW MULTI-YEAR CUSTOMER CONSTRACTS— matthew sigel, recovering CFA (@matthew_sigel) July 20, 2026
The client stays undisclosed, though Hut 8 described the tenant as a high-investment-grade counterparty with important monetary power. The corporate expects the long-term lease construction to offer predictable revenue all through the settlement interval.
Beacon Level now kinds the most important a part of Hut 8’s increasing synthetic intelligence infrastructure portfolio throughout North America. Mixed with the River Bend facility, contracted IT capability now reaches roughly 949 megawatts throughout a number of places.
The corporate’s AI portfolio now carries an estimated base-term contract worth of about $26.6 billion throughout current buyer agreements. Hut 8 additionally expects common annual web working revenue exceeding $1.75 billion from these long-term infrastructure contracts.
Renewal choices connected to the Beacon Level leases may considerably enhance the general contract worth throughout future working intervals. If exercised, the campus may generate potential contract worth exceeding $50 billion throughout the prolonged lease phrases.
IREN Expands AI Cloud Enterprise With New Contracts
IREN introduced $2.8 billion in new multi-year AI cloud agreements with a number of main synthetic intelligence builders throughout international markets. Consequently, the corporate elevated its year-end 2026 annualized run-rate income goal from $3.7 billion to greater than $4 billion.
Administration said that roughly 85% of the revised income goal is already supported by way of signed buyer commitments. The contracts additionally embrace advance funds protecting about 45% of associated GPU deployment prices, lowering future capital necessities.
IREN’s buyer base consists of Microsoft, NVIDIA, Perplexity, Determine AI, Collectively AI, Fireworks AI, Fal AI, Hume AI, Fluidstack, and different enterprise purchasers. The corporate stated these partnerships help increasing demand for cloud infrastructure serving superior synthetic intelligence workloads.
Over the previous yr, IREN expanded self-built AI cloud capability from roughly three megawatts towards 480 megawatts scheduled throughout 2026. The corporate additionally targets 1.2 gigawatts of AI cloud capability by 2027 by way of continued infrastructure improvement.
Each bulletins reinforce a broader transformation throughout publicly listed Bitcoin miners searching for secure long-term income past cryptocurrency mining operations.
Firms with established energy infrastructure more and more entice AI prospects requiring large-scale computing capability and dependable electrical energy connections.