Nvidia Signs $50B Lease for Hut 8's 1GW Texas Data Center
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Nvidia signed leases worth up to $50 billion with Hut 8 for a planned 1-gigawatt data center in Texas, set to host hundreds of thousands of Nvidia chips, per Financial Times sources.
- Hut 8 did not publicly name its client for the Texas project, with the deal surfacing only through FT sourcing; the sub-headline frames CEO Jensen Huang as deploying Nvidia's balance sheet to backstop AI computing market growth.
Why it matters: The up to $50 billion in lease commitments for a single 1GW Hut 8 facility in Texas marks Nvidia converting its chip dominance into direct infrastructure exposure — the sub-headline explicitly frames CEO Jensen Huang as deploying the company's balance sheet to backstop AI computing growth. For Hut 8, anchoring its Texas pipeline with an Nvidia-scale tenant repositions the operator firmly in AI infrastructure rather than its traditional mining roots.
