Nvidia lease term value
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Nvidia lease agreements at Beacon Point have a combined base-term value of $19.6 billion over 15 years with annual rent increases of 3%
Source (primary)
$35bn Anthropic Deal Ties Nvidia to Hut 8’s 1GW Beacon Point Data Center in Texas - Construction Review (-, news_article)
View cached copy (2026-09-04)Live source ↗
Quote: “The two leases have a combined base-term value of $19.6 billion, with annual rent increases of 3%. [...] Tenant leases run for 15 years.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article gives the $19.6 billion combined base-term value, the 15-year term and the 3% annual rent escalator. It attributes the leases to Nvidia based on later reports.
Confirmed in the source:
- The Beacon Point leases are held by Nvidia (per later reports cited in the article)
- The two leases have a combined base-term value of $19.6 billion
- The base term is 15 years
- The leases include annual rent increases of 3%
What we did: Read our cached copy of the publisher (https://constructionreviewonline.com/35bn-anthropic-deal-ties-nvidia-to-hut-8s-1gw-beacon-point-data-center-in-texas/) in full (10,668 characters, retrieved September 4, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms $35bn Anthropic Deal Ties Nvidia to Hut 8’s 1GW Beacon Point Data Center in Texas - Construction Review
Quote: “The two leases have a combined base-term value of $19.6 billion, with annual rent increases of 3%. [...] Tenant leases run for 15 years.”