{"id":388687,"date":"2026-07-28T05:07:08","date_gmt":"2026-07-28T05:07:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/388687\/"},"modified":"2026-07-28T05:07:08","modified_gmt":"2026-07-28T05:07:08","slug":"nvidia-behind-50-billion-lease-on-texas-data-center-ft-reports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/388687\/","title":{"rendered":"Nvidia behind $50 billion lease on Texas data center, FT reports"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">July 28 (Reuters) &#8211; <a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:Nvidia;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Nvidia&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" class=\"no-affiliate-link link\">Nvidia<\/a> has signed leases worth up to $50 billion for \u200cHut 8&#8217;s Texas data center, \u200cthe Financial Times reported on Tuesday, citing five \u200bpeople familiar with the deal.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Hut 8 said last week its 1-gigawatt Beacon Point campus had a base-term contract value of $19.6 \u200cbillion over 15 \u2060years, rising to as much as $50.2 billion if renewal options \u2060are exercised.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The company did not disclose the tenant at the time, saying it \u200bwas an &#8220;existing \u200binvestment-grade customer&#8221; \u200bwhich would install computing \u200cequipment at the site to support large-scale AI training and operations.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The FT reported that Nvidia was the data center&#8217;s tenant, citing sources.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Nvidia could sublease the \u200cproperty to its &#8220;neocloud&#8221; partners \u200bthat buy its GPUs \u200band sell \u200bAI cloud computing, according to \u200cthe FT.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Reuters could not \u200bimmediately verify \u200bthe report. Nvidia and Hut 8 did not respond to requests for \u200bcomment outside \u200cbusiness hours.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">(Reporting by Gnaneshwar Rajan in \u200bBengaluru; Editing by Sonia Cheema and \u200bVarun H K)  <\/p>\n","protected":false},"excerpt":{"rendered":"July 28 (Reuters) &#8211; Nvidia has signed leases worth up to $50 billion for \u200cHut 8&#8217;s Texas data&hellip;\n","protected":false},"author":2,"featured_media":388688,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[136989,5421,18024,27,29,28],"class_list":["post-388687","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-contract-value","tag-data-center","tag-nvidia","tag-texas","tag-texas-headlines","tag-texas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/388687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=388687"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/388687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/388688"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=388687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=388687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=388687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}