Hut 8 says substation and Phase 1 groundwork began at Beacon Point, Texas

Hut 8 started building the campus substation at Beacon Point, its AI data centre campus in Nueces County, Texas, during Q3 2026, together with foundations and below-ground utility work for Phase 1, the company said in its results on 4 November 2026.

Hut 8 says Phase 2 is at the civil design stage. It targets Phase 1's first data hall for Q3 2027 and Phase 2's for Q2 2028.

On 20 July 2026 Hut 8 announced that the whole campus was leased. It says each phase is let on a 15-year lease for 352 MW of IT capacity, both to the same unnamed tenant, which it describes as high-investment-grade, for a total of 704 MW of IT capacity.

Hut 8 says that IT capacity is backed by 1,000 MW of utility capacity, held under an electric delivery interconnection agreement with AEP Texas, and that Phase 2 needs no utility capacity beyond that agreement.

Hut 8 counts the full 1,000 MW, 500 MW per phase, in its Energy Capacity Under Construction measure, Phase 2 included. Its quarterly filing puts that measure at a company-wide 1,330 MW at 30 September 2026, with the other 330 MW at its River Bend campus in Louisiana.