Beacon Point customer leases
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 has signed two leases covering 704 MW critical IT load with contracts carrying $19.6 billion base-term value, potentially rising to $50.2 billion with renewal options
Source (primary)
Hut 8 says Beacon Point may be among 23 Texas projects cleared for review: Needham - Yahoo Finance (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Hut 8 has signed two leases covering 704 MW of critical IT load at the 1 GW utility-capacity campus. The contracts carry $19.6 billion of aggregate base-term value, potentially rising to $50.2 billion if the tenant exercises its renewal options.”
How we checked this
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Additional evidence
confirms Hut 8 says Beacon Point may be among 23 Texas projects cleared for review: Needham - Yahoo Finance
Quote: “Hut 8 has signed two leases covering 704 MW of critical IT load at the 1 GW utility-capacity campus. The contracts carry $19.6 billion of aggregate base-term value, potentially rising to $50.2 billion if the tenant exercises its renewal options.”