Beacon Point AI data center lease
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 signed a 15-year lease with a high-investment-grade tenant for 352 MW at Beacon Point AI data center with base-term contract value of $9.8 billion
Source (primary)
hut-8 8-K exhibit (hut-20260506xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-08)Live source ↗
Quote: “signing a 15-year, 352 MW IT AI data center lease at Beacon Point with a high-investment-grade tenant, representing $9.8 billion in base-term contract value on a triple-net, take-or-pay basis”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
Every element—15-year term, 352 MW, high-investment-grade tenant, $9.8 billion—is stated in the earnings highlights.
Confirmed in the source:
- Hut 8 signed a 15-year lease at Beacon Point
- The lease covers 352 MW of IT capacity
- The tenant is high-investment-grade
- Base-term contract value is $9.8 billion
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000110465926055894/hut-20260506xex99d1.htm) in full (21,612 characters, retrieved September 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20260506xex99d1.htm)
Quote: “signing a 15-year, 352 MW IT AI data center lease at Beacon Point with a high-investment-grade tenant, representing $9.8 billion in base-term contract value on a triple-net, take-or-pay basis”