Beacon Point expansion - 352 MW IT capacity
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Beacon Point expansion announced in July 2026 adds 352 MW of IT capacity under a 15-year lease with US$9.8 billion in base term value
Source (primary)
Is Hut 8’s (HUT) AI Safeguard Push Reframing Its Dual Bet on Data Centers and Bitcoin? - finance.yahoo.com (-, news_article)
View cached copy (2026-09-22)Live source ↗
Quote: “The Beacon Point expansion announced in July 2026, adding another 352 MW of IT capacity under a 15 year lease with US$9.8 billion in base term value”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article states each of these details directly: a July 2026 Beacon Point expansion adding 352 MW of IT capacity under a 15-year lease worth US$9.8 billion in base term value.
Confirmed in the source:
- The Beacon Point expansion was announced in July 2026
- The Beacon Point expansion adds 352 MW of IT capacity
- The capacity is under a 15-year lease
- The lease carries US$9.8 billion in base term value
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/technology/ai/articles/hut-8-hut-ai-safeguard-231731982.html) in full (11,782 characters, retrieved September 22, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Is Hut 8’s (HUT) AI Safeguard Push Reframing Its Dual Bet on Data Centers and Bitcoin? - finance.yahoo.com
Quote: “The Beacon Point expansion announced in July 2026, adding another 352 MW of IT capacity under a 15 year lease with US$9.8 billion in base term value”