Vertiv expands AI data center role through Texas gigawatt project partnership and liquid-cooling acquisition

On May 6, Hut 8 announced its 1 GW Beacon Point AI data center campus in Texas would proceed with a 15-year lease covering 352 MW of IT capacity, with Vertiv named as a Tier 1 counterparty alongside American Electric Power and Jacobs. The site will be designed around NVIDIA's DSX reference architecture for gigawatt-scale AI infrastructure.

On April 27, Vertiv acquired Strategic Thermal Labs, a specialist in advanced liquid-cooling technologies, to strengthen engineering capability around cold-plate design, server-side liquid cooling, and high-density thermal validation for AI and high-performance computing workloads.

In Q1 2026, Vertiv reported net sales of $2.65 billion, up 30% year over year. The Americas region grew 44% organically, driven by strong data-center demand.