Nvidia (NVDA) Reportedly Anchors Hut 8’s (HUT) $19.6 Billion AI Lease Bet

Nvidia Corporation is reportedly the unnamed tenant for Hut 8 Corp.'s Beacon Point data center leases in Texas, which represent a $19.6 billion base-term contract value. The leases, covering 704 megawatts of IT capacity, enable Nvidia to potentially use the site for its AI operations or sublease it to neocloud partners. While Nvidia did not confirm, the arrangement significantly underpins Hut 8's major data center development.