Beacon Point data center campus, Nueces County Texas
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 is developing the Beacon Point data center expansion in Nueces County, Texas with a planned capacity of 1,000 MW under a 15-year lease agreement valued at US$9.8 billion
Source (primary)
Why Hut 8 (HUT) Is Up 19.0% After Pivoting Bitcoin Mining Power Into AI Data Centers - simplywall.st (-, news_article)
View cached copy (2026-09-08)Live source ↗Archive.org ↗
Quote: “The Beacon Point expansion in Nueces County, Texas, is the clearest example of this shift, with a 15 year, US$9.8 billion base-term lease tied to Nvidia and Anthropic and total planned campus capacity of 1,000 MW.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document establishes the Beacon Point expansion in Nueces County, Texas, its 1,000 MW capacity, and the 15-year US$9.8 billion lease.
Confirmed in the source:
- Hut 8 is developing the Beacon Point expansion in Nueces County, Texas
- Planned campus capacity is 1,000 MW
- The lease is 15 years
- The lease is valued at US$9.8 billion
What we did: Read our cached copy of the publisher (https://simplywall.st/stocks/us/software/nasdaq-hut/hut-8/news/why-hut-8-hut-is-up-190-after-pivoting-bitcoin-mining-power/amp) in full (7,989 characters, retrieved September 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Why Hut 8 (HUT) Is Up 19.0% After Pivoting Bitcoin Mining Power Into AI Data Centers - simplywall.st
Quote: “The Beacon Point expansion in Nueces County, Texas, is the clearest example of this shift, with a 15 year, US$9.8 billion base-term lease tied to Nvidia and Anthropic and total planned campus capacity of 1,000 MW.”