Beacon Point Phase 2 hyperscaler lease
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Signed a 15-year, 352-MW IT lease with a major hyperscaler, doubling contracted capacity with that tenant to 704 MW, valued at $9.8 billion
Source (primary)
HUT Stock On Track For Best Week In Over 2 Months: CEO Says 'Power’ Is AI’s Most Valuable Resource - Stocktwits (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “it had signed a 15-year, 352-MW IT lease with a major hyperscaler, doubling the existing high-investment-grade tenant's contracted capacity to 704 MW and valuing the lease a $9.8 billion”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article reports the second-phase Beacon Point lease: 15 years, 352 MW, with an existing hyperscaler tenant, doubling that tenant's capacity to 704 MW, valued at $9.8 billion.
Confirmed in the source:
- Hut 8 signed a 15-year IT lease
- The lease is for 352 MW
- The counterparty is a major hyperscaler
- The lease doubled that tenant's contracted capacity to 704 MW
- The lease is valued at $9.8 billion
- The lease is for the second phase of Beacon Point
What we did: Read our cached copy of the publisher (https://stocktwits.com/news-articles/markets/equity/hut-stock-on-track-for-best-week-in-over-2-months-ceo-says-power-is-ai-s-most-valuable-resource/cZZmIHXR7wh) in full (5,129 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms HUT Stock On Track For Best Week In Over 2 Months: CEO Says 'Power’ Is AI’s Most Valuable Resource - Stocktwits
Quote: “it had signed a 15-year, 352-MW IT lease with a major hyperscaler, doubling the existing high-investment-grade tenant's contracted capacity to 704 MW and valuing the lease a $9.8 billion”