Nvidia leases for Texas data center
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Signed long-term leases with Nvidia for full 1 GW Texas data center totaling up to $50 billion over 30 years
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: “HUT has reportedly signed long‑term leases with Nvidia for the entire 1‑GW Texas data center, with base‑term and renewal options potentially totaling up to $50B over 30 years”
How we checked this
Checked on September 19, 2026. The cited source supports part of this claim, but not all of it.
The source presents the Nvidia leases only as something Hut 8 has 'reportedly' signed with a total 'potentially' up to $50B, whereas the claim states the signing as confirmed fact; the counterparty, scope, and figure otherwise match.
Confirmed in the source:
- The leases, if signed, would cover the entire 1-GW Texas data center
- The reported total is up to $50 billion over 30 years including renewal options
- Nvidia is named as the counterparty
We could not confirm this from the cited source:
- That the Nvidia leases were actually signed as established fact rather than a report
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “HUT has reportedly signed long‑term leases with Nvidia for the entire 1‑GW Texas data center, with base‑term and renewal options potentially totaling up to $50B over 30 years”