Hut 8 to Bring 700 MW Online by Q1 2027
Hut 8 expects 700 megawatts of its Beacon Point AI data center campus in Texas to come online in the first quarter of 2027.
Updated on Nov. 5, 2026 in Data Centers
Hut 8 expects 700 MW of its Beacon Point AI data center campus to come online in Q1 2027. The company also raised its total share repurchase authorization to $1 billion and extended the Beacon Point Phase 2 lease by two years.
Why it matters
The timeline sets a schedule for bringing a large share of the one-gigawatt Beacon Point project into service. Management expects results from a Texas audit to clear impediments to financing Phase 2.
Hut 8's Beacon Point Phase 2 lease carries a 17-year term and adds contracted revenue tied to 352 MW of IT capacity within a one-gigawatt project. Management's projection of 700 MW online in Q1 2027 has not been tied to confirmed audit or classification outcomes in the source.
The players
Hut 8
Hut 8 is a company developing the Beacon Point AI data center campus and has raised its share repurchase authorization to $1 billion.
The details
Beacon Point is an AI data center campus that Hut 8 is developing. Management expects a December 17 classification to support a path to energizing the full one-gigawatt capacity, a separate milestone from the Texas audit.
Timeline
Q1 2027: 700 MW of Beacon Point expected to come online.
December 17: expected classification supporting a path to full one-gigawatt energization.
Roadmap
Long-term contracted lease terms such as the 17-year Beacon Point Phase 2 lease are how data center developers secure revenue to finance buildouts of AI campuses. The Beacon Point schedule places 700 MW of capacity on that contracted pattern in Texas.
For Texas residents, the Beacon Point campus is a large-scale AI data center project whose power demand and grid connection timing will be tied to the Q1 2027 target. Readers should treat the 700 MW online date as a company projection rather than a confirmed energization schedule.
The takeaway
Timelines for large AI data center campuses depend on financing milestones as well as construction. Hut 8's Phase 2 path hinges on audit and classification outcomes that have not yet been reported.
What happens next
Management expects a December 17 classification and results from a Texas audit, both of which are tied to the Beacon Point Phase 2 financing path.
Further reading
Explore more on Data Centers coverage across Texas.
Source note: This article includes information reported by TokenPost.
