Today, we announced our results for Q3 2026. In the third quarter, we executed our power-first strategy at greater scale, broadening our origination program, fully commercializing our Beacon Point AI data center campus, and expanding our funding capacity.
We advanced 1,300 MW of energy capacity to exclusivity and entered into agreements to acquire two energized sites in West Texas. At Beacon Point, our existing high-investment-grade tenant doubled its contracted capacity through a second 352 MW IT lease. In the credit markets, we closed a $1.07 billion senior secured revolving credit facility to fund future development. We also returned approximately $250.0 million to shareholders through share repurchases during and after the quarter, funded with proceeds from Bitcoin sales, and increased total repurchase authorization to $1.0 billion subsequent to quarter-end.
To date, our power-first model has produced approximately $26.6 billion of expected aggregate base-term contract value across two AI data center campuses. We view each of those projects as an obligation to the tenants, lenders, communities, and shareholders to whom we have committed, and meeting those obligations is how we intend to build an enduring, generational business at the intersection of energy and technology.
Read the full release: hut8.com/news-insights/…
We advanced 1,300 MW of energy capacity to exclusivity and entered into agreements to acquire two energized sites in West Texas. At Beacon Point, our existing high-investment-grade tenant doubled its contracted capacity through a second 352 MW IT lease. In the credit markets, we closed a $1.07 billion senior secured revolving credit facility to fund future development. We also returned approximately $250.0 million to shareholders through share repurchases during and after the quarter, funded with proceeds from Bitcoin sales, and increased total repurchase authorization to $1.0 billion subsequent to quarter-end.
To date, our power-first model has produced approximately $26.6 billion of expected aggregate base-term contract value across two AI data center campuses. We view each of those projects as an obligation to the tenants, lenders, communities, and shareholders to whom we have committed, and meeting those obligations is how we intend to build an enduring, generational business at the intersection of energy and technology.
Read the full release: hut8.com/news-insights/…
