First Beacon Point 15-year lease for 352 MW
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 announced a 15-year lease covering 352 megawatts of computing capacity at Beacon Point with a base-term value of approximately $9.8 billion and 3% annual rent increases.
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: “Hut 8 announced its first Beacon Point lease on May 6: a 15-year agreement covering 352 megawatts of computing capacity, with a base-term value of about $9.8 billion. ...The agreements include 3% annual rent increases.”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article describes the first lease, announced May 6, as a 15-year, 352-megawatt agreement worth about $9.8 billion, and says the agreements include 3% annual rent increases.
Confirmed in the source:
- Hut 8 announced a 15-year Beacon Point lease
- The lease covers 352 megawatts of computing capacity
- The lease has a base-term value of about $9.8 billion
- The Beacon Point agreements include 3% annual rent increases
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: “Hut 8 announced its first Beacon Point lease on May 6: a 15-year agreement covering 352 megawatts of computing capacity, with a base-term value of about $9.8 billion. ...The agreements include 3% annual rent increases.”