Hut 8

June 9, 2026

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Deliverable Demand Is the New Dividing Line in ERCOT's Queue

Hut 8's Beacon Point in Nueces County shows the disciplined version: a 1,000 MW interconnection agreement with AEP Texas, $4.25 billion in construction financing, a dedicated substation funded entirely by the developer, and committed load-shedding priority for residents, hospitals, and schools.

June 5, 2026

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Meitner Sets the Panhandle Playbook: Own the Generation, Fund the Watershed

Hut 8 priced a $4.25 billion senior secured notes offering against a 15-year triple-net lease for 352 MW at Beacon Point in Nueces County, with a 1,000 MW interconnection already in hand.

May 16, 2026

Hut 8's 1-GW Beacon Point campus in Nueces County locked a sole-source EPCM with Jacobs, backed by a 15-year triple-net lease valued at $9.8 billion, with AEP Texas interconnection executed and substation construction underway.

May 14, 2026

Meanwhile Hut 8 just awarded Jacobs the EPCM contract for Beacon Point, a 1 GW campus in Nueces County with full utility interconnection already secured before groundbreaking.

May 8, 2026

Hut 8's $9.8 billion Beacon Point lease near Corpus Christi sits where local reservoirs are below 8 percent capacity.

May 7, 2026

Hut 8 commercialized the first phase of Beacon Point in Nueces County with a 15-year, 352 MW IT lease worth $9.8 billion base-term, anchored by an interconnection agreement for 1,000 MW of utility capacity with AEP, energization expected Q1 2027.

May 6, 2026

Hut 8 commercialized the first phase of its Beacon Point campus in Nueces County with a 15-year, 352 MW triple-net lease valued at $9.8 billion in base term, lifting total contracted AI capacity to 597 MW and aggregate base-term value to $16.8 billion.

April 24, 2026

Switchgear and transformer lead times now run 40-plus weeks per Hut 8's Brennan Church, so a shell without gear doesn't energize.

April 5, 2026

Logan County, Illinois imposed a 60-day moratorium on Hut 8's proposed $5 billion, 500 MW campus.

April 4, 2026

Logan County, Illinois saw generation costs roughly double between 2020 and 2026; 250 residents showed up to oppose Hut 8's rezoning.

March 20, 2026

Logan County imposed a 60-day moratorium on Hut 8's $5B, 500-MW proposal after the company claimed $65 million in annual property tax revenue, roughly 10x CyrusOne's competing estimate for similar capacity in neighboring Sangamon County.