Beacon Point second lease contract
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 signed a second 15-year lease for 352 MW of IT capacity at Beacon Point worth $9.8B, bringing total contracted capacity to 704 MW
Source (primary)
Hut 8 Stock Draws Wall Street As Nvidia AI Deal Lands - timothysykes.com (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Hut 8 has fully commercialized its 1 GW Beacon Point AI campus with a second 15‑year, $9.8B lease, bringing contracted capacity there to 704 MW.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states Hut 8 signed a second 15-year, $9.8B lease for 352 MW at Beacon Point, doubling contracted capacity there to 704 MW, matching every assertion.
Confirmed in the source:
- Hut 8 signed a second 15-year lease at Beacon Point
- the second lease covers 352 MW of IT capacity
- the second lease is worth $9.8B
- total contracted capacity at Beacon Point reaches 704 MW
What we did: Read our cached copy of the publisher (https://www.timothysykes.com/news/hut-8-corp-hut-news-2026_08_20-2/) in full (16,264 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Stock Draws Wall Street As Nvidia AI Deal Lands - timothysykes.com
Quote: “Hut 8 has fully commercialized its 1 GW Beacon Point AI campus with a second 15‑year, $9.8B lease, bringing contracted capacity there to 704 MW.”