Beacon Point AI data center - 352 MW capacity
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 will provide 352 megawatts of IT capacity at Beacon Point AI data center in Nueces County, Texas under a 15-year lease valued at $9.8 billion, projected to generate $655 million in annual revenue once fully operational.
Source (primary)
HUT Stock Eyes Record High Above $100 After $10 Billion Texas AI Data Center Deal - Stocktwits (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Hut 8 also announced a 15-year, $9.8 billion lease for 352 megawatts (MW) of IT capacity at its Beacon Point AI data center campus in Nueces County, Texas... bringing in an estimated $655 million once everything is fully operational”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the 15-year, $9.8 billion lease for 352 MW at Beacon Point in Nueces County, Texas, with an estimated $655 million once fully operational.
Confirmed in the source:
- Hut 8's Beacon Point AI data center involves 352 MW of IT capacity
- Beacon Point is located in Nueces County, Texas
- The lease is a 15-year lease valued at $9.8 billion
- The deal is projected to generate an estimated $655 million in annual revenue once fully operational
What we did: Read our cached copy of the publisher (https://stocktwits.com/news-articles/markets/cryptocurrency/hut-stock-eyes-record-high-above-100-after-10-billion-deal/cZQzdHVReaw) in full (5,724 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms HUT Stock Eyes Record High Above $100 After $10 Billion Texas AI Data Center Deal - Stocktwits
Quote: “Hut 8 also announced a 15-year, $9.8 billion lease for 352 megawatts (MW) of IT capacity at its Beacon Point AI data center campus in Nueces County, Texas... bringing in an estimated $655 million once everything is fully operational”