15-year $9.8 billion lease for Beacon Point AI data center
Company: Hut 8
The claim, verbatim
Hut 8 signed a 15-year, $9.8 billion lease at Beacon Point in Nueces County, Texas for 352 megawatts of AI factory capacity, with renewal options potentially bringing total value to $25.1 billion
Source (primary)
Hut 8 stock is a winner in a new deal between Anthropic and Nvidia-backed Lambda - Yahoo Finance (-, news_article)
View cached copy (2026-09-04)Live source ↗
Quote: “Then in May, Hut 8 scored an even bigger deal — a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas, covering 352 megawatts of AI factory capacity. The deal sports three five-year renewal options that could push the total contract value to $25.1 billion.”
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Additional evidence
confirms Hut 8 stock is a winner in a new deal between Anthropic and Nvidia-backed Lambda - Yahoo Finance
Quote: “Then in May, Hut 8 scored an even bigger deal — a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas, covering 352 megawatts of AI factory capacity. The deal sports three five-year renewal options that could push the total contract value to $25.1 billion.”