jain.com

Beacon Point leases: 704 MW, $19.6B contract value

Company: Hut 8

Subject kind
customer
Statement date
2026-11-04
Promised amount
19600000000.0 USD
Current status
stated

The claim, verbatim

Hut 8 said in July that two leases covering 704 MW of IT capacity brought the Beacon Point campus's initial-term contract value to $19.6 billion.

Source (primary)

Cipher, Hut 8 Plunge as Texas Election Raises Data Center Risks - TheEnergyMag (-, news_article)
View cached copy (2026-11-05)Live source ↗Archive.org ↗

Quote: “The company said in July that two leases covering 704 megawatts of IT capacity brought the campus's initial-term contract value to $19.6 billion.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Cipher, Hut 8 Plunge as Texas Election Raises Data Center Risks - TheEnergyMag

Quote: “The company said in July that two leases covering 704 megawatts of IT capacity brought the campus's initial-term contract value to $19.6 billion.”

View cached copy (2026-11-05)Live source ↗Archive.org ↗