Hut 8 signed a $9.8 billion lease for 352 MW of AI data center capacity at Beacon Point in Texas, marking the second major AI project after River Bend. The deal includes a potential $25.1 billion in contract value with three optional five-year renewal terms. Beacon Point now has 597 MW of contracted IT capacity, with the first phase expected to begin energization in Q1 2027.
Residents in Vineland claim the construction site emits an eerie humming sound that vibrates across their farmland, keeping them awake at night. One resident reported that his son thought the noise was a helicopter buzzing overhead, asking, 'What are those helicopter noises in the background?'
Elon Musk's xAI is planning an expansion of its massive data center complex in Memphis, and has purchased a third building in the area that will bring the company's artificial intelligence computing capacity to almost 2 gigawatts, the billionaire wrote Tuesday in a post on X. Musk has already built one data center in Memphis, known as Colossus, and is currently constructing a second nearby site dubbed Colossus 2.
Today Microsoft announced its plans to bring a Fairwater AI data center, which it claims is the " world's most powerful," online in early 2026. The $3.3 billion construction in Wisconsin is housed at the site of Foxconn' s failed LCD factory which was announced in 2017, but by the end of 2018 was already being called a " boondoggle."