Beacon Point lease expansion: +352 MW with existing tenant
Company: Hut 8
The claim, verbatim
A July 20 lease added 352 MW of contracted IT capacity at Beacon Point with the existing tenant, bringing the two phases to 704 MW of IT load against 1,000 MW of utility capacity.
Source (primary)
Hut 8 adds US$1.07B secured credit line for AI campuses - mugglehead.com (-, news_article)
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Quote: “a July 20 lease added 352 megawatts of contracted IT capacity with the existing tenant. The two phases now cover 704 megawatts of IT load against 1,000 megawatts of utility capacity, Hut 8 said”
How we checked this
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Additional evidence
confirms Hut 8 adds US$1.07B secured credit line for AI campuses - mugglehead.com
Quote: “a July 20 lease added 352 megawatts of contracted IT capacity with the existing tenant. The two phases now cover 704 megawatts of IT load against 1,000 megawatts of utility capacity, Hut 8 said”