Hut 8

Hut 8 signed a 15-year triple-net, take-or-pay lease at its Beacon Point campus in Nueces County, Texas, with a base-term contract value of $9.8 billion. The confidential tenant holds a high-investment-grade credit rating. Expected average annual NOI is $655 million upon stabilization, with renewal options extending total value to $25.1 billion. The deal brings Hut 8's contracted AI capacity to 597 MW across campuses, with aggregate base-term value at $16.8 billion. AEP Texas executed an interconnection agreement for 1,000 MW, with initial energization in Q1 2027. Execution partners include Vertiv and Jacobs Solutions on Nvidia DSX architecture.

Hut 8 awarded Jacobs a sole-source EPCM contract to deliver its Beacon Point AI data center campus in Nueces County, Texas. The multi-phase campus is designed to support 1 gigawatt of total capacity. This is Jacobs' second EPCM role for Hut 8, following the River Bend campus in Louisiana. Jacobs will deploy its digital twin technology to de-risk commissioning, with initial energization targeted for 2027. Hut 8 has secured an interconnection agreement for the full utility capacity with potential for campus expansion. GCs, MEP subs, and commissioning vendors should track phased delivery timelines.

Jacobs awarded EPCM contract to deliver second Hut 8 AI data center in Texas. Confirms expansion of Jacobs' role at Hut 8's Texas campus.

The Logan County Board voted 6-4 to approve a 12-month moratorium on data centers, blocking Hut 8's proposed $5 billion facility. The moratorium was originally proposed as a 90-day pause but was amended to a full year at Tuesday's meeting. Hut 8 had promised the project could generate $65 million in annual property taxes for the county. Logan County joins other Central Illinois jurisdictions in pushing back against large-scale data center development. GCs, subs, and vendors tracking this project should monitor the county's review process over the next 12 months for any policy changes.

Jacobs awarded EPCM (Engineering, Procurement, Construction Management) contract for Hut 8's second AI data center in Texas. Confirmed contract award.

Jacobs secured a sole-source EPCM contract for Hut 8's planned Beacon Point AI data center campus in Nueces County, Texas, designed to support up to 1 GW of utility capacity. The award extends a partnership established after Jacobs was named EPCM lead for Hut 8's River Bend campus in Louisiana. The phased campus project reflects escalating hyperscale AI infrastructure demands and evolving ERCOT grid rules. Jacobs will lead engineering, procurement, and construction management for the facility. Subcontractors and vendors in power infrastructure, cooling, and large-scale data center construction should target this major GW-scale opportunity in Texas.

Duplicate of Item 1 from different source (TipRanks vs Business Wire). Jacobs awarded EPCM contract for Hut 8's second AI data center in Texas.

Duplicate of Item 1. Same Jacobs EPCM contract award for Hut 8's second AI data center in Texas, reported by TipRanks.

Jacobs awarded EPCM (Engineering, Procurement, Construction Management) contract for Hut 8's second AI data center in Texas. Jacobs is not a traditional GC but is serving in the EPCM role.

Jacobs Solutions has been awarded an EPCM (Engineering, Procurement, Construction Management) contract to deliver Hut 8's second AI-focused data center in Texas. This is a confirmed contract award, with explicit 'awarded' language directly from Jacobs' own announcement. The project underscores Hut 8's continued expansion in the Texas market to support AI workloads, and Jacobs' growing role as a key delivery partner for large-scale AI data center infrastructure. For BD professionals, this signals active construction activity in Texas tied to AI demand and confirms Jacobs as the lead EPCM firm on this campus expansion. Outreach to subcontractors and suppliers aligned with Jacobs' delivery model in Texas should be considered urgent.