Columbia Basin (Oregon): 48 data centres, 8 operators, 1,902 MW live

• 4 Aug 2026Earnings$26.6B

  Hut 8 reports Q2 2026 results: 949 MW contracted AI data centre capacity across River Bend and Beacon Point

  Hut 8 Corp. reported Q2 2026 financial results on 4 August 2026, disclosing 949 MW of contracted IT capacity across its AI data centre portfolio with $26.6 billion in expected aggregate base-term contract value and $1.75 billion in average annual NOI. The company completed commercialization of its first gigawatt-scale campus at Beacon Point by signing a second 352 MW lease with an investment-grade tenant. Hut 8 closed $7.5 billion of investment-grade project financing across River Bend and Beacon Point Phase 1 in a single quarter. Construction continues at both campuses, with River Bend targeted for Q2 2027 initial delivery and Beacon Point Phase 1 for Q3 2027.

• 23 Jul 2026Topped out

  SDC Umatilla Reaches Going Vertical Construction Milestone

  Sabey Data Centers celebrated the 'Going Vertical' milestone at SDC Umatilla in Northeast Oregon, marking the start of vertical construction as the first steel was raised. The facility, located in the Columbia Cloud Corridor, is being developed to support hyperscale, enterprise, and colocation customers with scalable infrastructure. This milestone represents significant progress in the construction phase of the campus development.

• 15 Jul 2026Topped out

  Sabey Data Centers marks construction milestone in Oregon

  Sabey Data Centers held a 'Going Vertical' ceremony on July 15, 2026, marking a major construction milestone at its SDC Umatilla campus in northeast Oregon, USA, as structural steel erection began on site. The event brought together local and state representatives and community organizations to commemorate the progress of the new facility development.

• 6 May 2026Earnings$16.8B

  Hut 8 Reports Q1 2026 Results with $16.8B AI Data Center Lease Revenue

  Hut 8 Corp reported Q1 2026 financial results showing $71.0 million in quarterly revenue and a $16.8 billion contracted lease revenue base across two hyperscale AI data center campuses. The company signed a 15-year, 352 MW lease at Beacon Point worth $9.8 billion and closed a $3.25 billion investment-grade construction bond offering for River Bend—the first single-sponsor data center project to access this market. The company also divested a 310 MW natural gas power plant portfolio and refinanced its Bitcoin-backed credit facility, reducing debt costs from 9% to 7%.

• 27 Apr 2026Financing245 MW

  Hut 8 Prices $3.25B Project Financing for River Bend Data Center

  Hut 8 Corp. announced pricing of $3.25 billion in senior secured notes due 2042 for its wholly-owned subsidiary to finance the River Bend data center project. The 6.192% notes are fully amortizing and non-recourse to Hut 8, with proceeds funding development of a 245 MW critical IT capacity facility and related infrastructure. The offering targets qualified institutional buyers under Rule 144A and is expected to close April 30, 2026.

• 25 Feb 2026Earnings$7B

  Hut 8 Reports 2025 Results; Signs $7B AI Infrastructure Deal with Fluidstack

  Hut 8 Corp reported full-year 2025 financial results with $235.1M revenue and announced commercialization of AI infrastructure at scale through a 15-year, 245 MW IT lease with Fluidstack at River Bend campus valued at $7.0B. The company sold a 310 MW portfolio of natural gas-fired power plants to TransAlta and launched American Bitcoin as a majority-owned public subsidiary. Hut 8 operates an 8,500 MW development pipeline and energized Vega, a 205 MW next-generation data center featuring proprietary direct-to-chip liquid cooling.

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