Beacon Point Phase 2 lease with high-investment-grade tenant
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 secured a 15-year, $9.8 billion lease for 352 MW of IT capacity at Beacon Point with a high-investment-grade tenant, doubling the tenant's contracted capacity to 704 MW
Source (primary)
AI Infrastructure Stock Hut 8 (TSX: HUT) Makes TSX Top Gainer List as Investors Continue Bet on Beacon Point Data Center - Investorideas.com (-, news_article)
View cached copy (2026-09-12)Live source ↗
Quote: “second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity. The tenant, the high-investment-grade company that executed the Phase 1 lease, has doubled its contracted IT capacity at the campus to 704 MW”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document establishes the 15-year, $9.8 billion, 352 MW lease with the high-investment-grade tenant, doubling capacity to 704 MW.
Confirmed in the source:
- Hut 8 secured a second 15-year, $9.8 billion lease for 352 MW of IT capacity at Beacon Point
- The tenant is a high-investment-grade company
- The lease doubled the tenant's contracted IT capacity at the campus to 704 MW
What we did: Read our cached copy of the publisher (https://www.investorideas.com/news/2026/technology/09111-hut-8-tsx-top-gainer-beacon-point.asp) in full (10,868 characters, retrieved September 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms AI Infrastructure Stock Hut 8 (TSX: HUT) Makes TSX Top Gainer List as Investors Continue Bet on Beacon Point Data Center - Investorideas.com
Quote: “second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity. The tenant, the high-investment-grade company that executed the Phase 1 lease, has doubled its contracted IT capacity at the campus to 704 MW”