Thursday, July 30, 2026
Nvidia reportedly signs up to $50B Texas data center lease
The Financial Times reported around July 27-28 that Nvidia is the previously undisclosed tenant behind Hut 8's Beacon Point data center campus in Nueces County, Texas, a lease worth $19.6 billion over 15 years that can rise to about $50 billion with renewal options. The 525-acre, gigawatt-scale site is built to Nvidia's DSX reference architecture, and Nvidia may sublease capacity to neocloud partners that buy its GPUs; neither company has directly confirmed the report.
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