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.
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.
The deal anchors Texas as the proving ground for the power-first, tenant-flexible development model: AEP on power, Vertiv on critical systems, Jacobs on EPCM, with initial energization targeted Q1 2027.