Beacon Point 704 MW leases, $19.6B
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
As of July 20, 2026, a single unnamed high-investment-grade tenant has 704 MW contracted at Beacon Point across two 15-year leases totaling $19.6 billion in base-term contract value.
Source (primary)
Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times (-, news_article)
View cached copy (2026-10-05)Live source ↗Archive.org ↗
Quote: “has 704 megawatts contracted at Beacon Point across two 15-year leases totaling $19.6 billion in base-term contract value”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The article gives the July 20, 2026 date, the single unnamed investment-grade tenant, the 704 MW, the two 15-year leases and the $19.6 billion value.
Confirmed in the source:
- As of July 20, 2026, a single high-investment-grade tenant has 704 MW contracted at Beacon Point
- The tenant is unnamed in public filings
- The capacity is contracted across two 15-year leases
- The leases total $19.6 billion in base-term contract value
What we did: Read our cached copy of the publisher (https://www.techtimes.com/articles/328138/20260928/hut-8-closes-two-tier-ai-data-center-finance-stack-jpmorgan-leads-12-bank-revolver.htm) in full (17,743 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times
Quote: “has 704 megawatts contracted at Beacon Point across two 15-year leases totaling $19.6 billion in base-term contract value”