$9.8B lease for 352 MW AI data center capacity
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 signed a 15-year lease agreement valued at $9.8 billion to provide 352 megawatts of IT capacity for AI training and inference workloads at its Beacon Point campus to an investment-grade tenant
Source (primary)
Hut 8 Jumps 33% on $9.8B AI Data Center Lease in Texas - CoinMarketCap (-, news_article)
View cached copy (2026-09-21)Live source ↗
Quote: “15-year lease agreement valued at $9.8 billion tied to a large-scale AI data center project at its Beacon Point campus in Nueces County, Texas. The lease covers 352 megawatts (MW) of IT capacity and was signed with a tenant Hut 8 described as investment-grade. The agreement is structured to support AI training and inference workloads.”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article states every element: a 15-year, $9.8 billion lease for 352 MW of IT capacity at Beacon Point for AI training and inference, signed with a tenant Hut 8 described as investment-grade. The investment-grade label is Hut 8's own description, not an independent rating.
Confirmed in the source:
- Hut 8 signed a 15-year lease agreement
- The lease is valued at $9.8 billion
- The lease covers 352 MW of IT capacity
- The agreement is structured to support AI training and inference workloads
- The lease is tied to Hut 8's Beacon Point campus
- The tenant is investment-grade, as described by Hut 8
What we did: Read our cached copy of the publisher (https://coinmarketcap.com/academy/article/hut-8-jumps-33percent-on-dollar98b-ai-data-center-lease-in-texas) in full (5,666 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Jumps 33% on $9.8B AI Data Center Lease in Texas - CoinMarketCap
Quote: “15-year lease agreement valued at $9.8 billion tied to a large-scale AI data center project at its Beacon Point campus in Nueces County, Texas. The lease covers 352 megawatts (MW) of IT capacity and was signed with a tenant Hut 8 described as investment-grade. The agreement is structured to support AI training and inference workloads.”