Nvidia behind $50 billion lease on Texas data center, FT reports

July 28 (Reuters) - 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.

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.

(Reporting by ​Gnaneshwar Rajan and Sumedha Mukherjee in Bengaluru; Editing by Sonia Cheema and Varun H ‌K)

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