Nvidia behind $50 billion lease on Texas data center, FT reports
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
July 28 : Nvidia has signed leases worth up to $50 billion for Hut 8's Texas data center, the Financial Times reported on Tuesday, citing five people familiar with the deal.
Hut 8 said last week its 1-gigawatt Beacon Point campus had a base-term contract value of $19.6 billion over 15 years, rising to as much as $50.2 billion if renewal options are exercised.
The company did not disclose the tenant at the time, saying it was an "existing investment-grade customer" which would install computing equipment at the site to support large-scale AI training and operations.
The FT reported that Nvidia was the data center's tenant, citing sources.
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
Nvidia could sublease the property to its "neocloud" partners that buy its GPUs and sell AI cloud computing, according to the FT.
Reuters could not immediately verify the report. Hut 8 did not respond to a request for comment outside business hours.
"Nvidia is working with ecosystem partners to accelerate the deployment of efficient AI infrastructure through the DSX AI factory architecture," an Nvidia spokesperson said, without confirming or denying the report.
DSX is Nvidia's full-stack AI factory architecture to help design, build and run large-scale AI data centers, bringing together the company's technology with equipment from partner companies.
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app