700 MW Texas data center campus
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 announced that a high-investment-grade company signed 15-year leases for its entire 700-megawatt Texas data center campus, with a $20 billion facility designed to support Nvidia chips.
Source (primary)
Why Is HUT Stock Rising Nearly 5% In Overnight Trading? - stocktwits.com (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “Hut 8 said that a 'high-investment-grade company' had signed 15-year leases for its entire 700-megawatt Texas campus... The company said that the $20 billion facility would be designed to support Nvidia chips.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The article reports that in July Hut 8 said an unnamed high-investment-grade company signed 15-year leases for its entire 700 MW Texas campus. It also reports that Hut 8 called this a $20 billion facility designed to support Nvidia chips.
Confirmed in the source:
- Hut 8 said a high-investment-grade company signed 15-year leases
- The leases cover its entire 700-megawatt Texas campus
- Hut 8 described the facility as a $20 billion facility
- The facility would be designed to support Nvidia chips
What we did: Read our cached copy of the publisher (https://stocktwits.com/news-articles/markets/equity/why-is-hut-stock-rising-nearly-5-in-overnight-trading/cZsocQzRJt5) in full (5,828 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Why Is HUT Stock Rising Nearly 5% In Overnight Trading? - stocktwits.com
Quote: “Hut 8 said that a 'high-investment-grade company' had signed 15-year leases for its entire 700-megawatt Texas campus... The company said that the $20 billion facility would be designed to support Nvidia chips.”