Beacon Point second phase 352 MW lease agreement
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 signed a second 15-year, $9.8 billion lease for 352 MW of IT capacity at Beacon Point, bringing total contracted capacity to 704 MW of the 1 GW campus
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: “signing a second 15‑year, $9.8B lease for 352 MW of IT capacity”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states all these figures directly in both the key takeaways and body text.
Confirmed in the source:
- Hut 8 signed a second 15-year, $9.8 billion lease
- the lease covers 352 MW of IT capacity at Beacon Point
- total contracted capacity reaches 704 MW
- the campus is a 1 GW campus
What we did: Read our cached copy of the publisher (https://www.timothysykes.com/news/hut-8-corp-hut-news-2026_08_20/) in full (16,785 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: “signing a second 15‑year, $9.8B lease for 352 MW of IT capacity”