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CryptoWorld News: Bitcoin mining company Hut 8 announced that it has signed a 15-year, $9.8 billion lease agreement for its Beacon Point AI data center campus in Nueces County, Texas, involving 352 MW of IT capacity. The tenant is an undisclosed high-investment-grade company that will use the space to support large-scale AI training and inference workloads. This agreement increases Hut 8's signed AI data center capacity to 597 MW. The total value of the base-term contracts is approximately $16.8 billion, with an average annual net operating income of about $1.1 billion. AEP Texas has signed interconnection agreements for the entire 1,000 MW campus, with preliminary power-on expected in early Q1 2027, and the first data hall is expected to be delivered in the third quarter of the same year.