Beacon Point Phase 2 Lease
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 executed a 15-year, 352 MW IT lease valued at $9.8 billion with a high-investment-grade tenant
Source (primary)
hut-8 8-K exhibit (tm2620835d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-03)Live source ↗
Quote: “second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (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 the second 15-year, $9.8 billion lease for 352 MW was executed with the high-investment-grade Phase 1 tenant.
Confirmed in the source:
- Hut 8 executed a second 15-year lease for 352 MW of IT capacity
- The lease is valued at $9.8 billion
- The tenant is a high-investment-grade company
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000110465926084862/tm2620835d1_ex99-1.htm) in full (13,326 characters, retrieved September 3, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (tm2620835d1_ex99-1.htm)
Quote: “second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity”