Beacon Point phase 2 lease with high-investment-grade tenant
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Signed 15-year lease for 352 MW of capacity valued at $9.8 billion
Source (primary)
Hut 8 Stock Draws Wall Street Heat As Nvidia Deal Locks In $50B AI Leases - timothysykes.com (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “a second 15‑year, $9.8B lease for 352 MW of IT capacity with the same high‑investment‑grade tenant”
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 of IT capacity with the same high-investment-grade tenant, matching every element of the claim.
Confirmed in the source:
- Hut 8 signed a second 15-year lease at Beacon Point
- the lease covers 352 MW of IT capacity
- the lease is valued at $9.8 billion
- the lease is with the same high-investment-grade tenant
What we did: Read our cached copy of the publisher (https://timothysykes.com/news/hut-8-corp-hut-news-2026_08_20/) in full (16,741 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Stock Draws Wall Street Heat As Nvidia Deal Locks In $50B AI Leases - timothysykes.com
Quote: “a second 15‑year, $9.8B lease for 352 MW of IT capacity with the same high‑investment‑grade tenant”