Nvidia long-term leases for Texas 1 GW facility
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 signed long-term leases with Nvidia for the full 1 GW Texas data center, with total potential value 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: “Long‑term Nvidia leases for the full 1‑GW Texas data center reportedly total up to $50B over 30 years”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document supports every assertion, though it frames the Nvidia leases as 'reportedly' signed rather than confirmed fact.
Confirmed in the source:
- Hut 8 signed long-term leases with Nvidia for the full 1 GW Texas data center
- the leases could total up to $50 billion over 30 years
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: “Long‑term Nvidia leases for the full 1‑GW Texas data center reportedly total up to $50B over 30 years”