First lease base-term value
Company: Hut 8
The claim, verbatim
First 15-year lease has a base-term value of approximately $9.8 billion
Source (primary)
Hut 8 Files $399 Million Building Project at Beacon Point AI Campus - TheEnergyMag (-, news_article)
View cached copy (2026-09-19)Live source ↗
Quote: “a 15-year agreement covering 352 megawatts of computing capacity, with a base-term value of about $9.8 billion”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article states that the first 15-year lease has a base-term value of about $9.8 billion.
Confirmed in the source:
- The first Beacon Point lease is a 15-year agreement
- The first lease has a base-term value of about $9.8 billion
What we did: Read our cached copy of the publisher (https://theenergymag.com/news/2026-09-15/hut-beacon-point-ai-construction-texas) in full (4,293 characters, retrieved September 19, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Files $399 Million Building Project at Beacon Point AI Campus - TheEnergyMag
Quote: “a 15-year agreement covering 352 megawatts of computing capacity, with a base-term value of about $9.8 billion”