15-year $9.8 billion lease for Beacon Point AI data center
Company: Hut 8 - Project: Beacon Point
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.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article reports each of these lease terms for the Beacon Point campus, including the potential $25.1 billion total with renewals.
Confirmed in the source:
- Hut 8 signed a 15-year lease at its Beacon Point campus
- The lease is worth $9.8 billion
- Beacon Point is in Nueces County, Texas
- The lease covers 352 megawatts of AI factory capacity
- Renewal options could bring total contract value to $25.1 billion
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/article/hut-8-stock-is-a-winner-in-a-new-deal-between-anthropic-and-nvidia-backed-lambda-122511171.html) in full (10,288 characters, retrieved September 4, 2026) and checked each assertion in the claim against it.
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.”