Beacon Point 15-year lease, 352 MW, $9.8B
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 signed a 15-year, $9.8 billion lease at Beacon Point in Nueces County, Texas for 352 megawatts of AI factory capacity
Source (primary)
Hut 8 stock is a winner in a new deal between Anthropic and Nvidia-backed Lambda - Yahoo! Finance Canada (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “Then in May, Hut 8 scored an even bigger deal — a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas, covering 352 megawatts of AI factory capacity.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The article states that in May Hut 8 secured a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas, covering 352 megawatts of AI factory capacity, which matches every element of the claim.
Confirmed in the source:
- Hut 8 signed a lease at its Beacon Point campus
- The Beacon Point campus is in Nueces County, Texas
- The lease term is 15 years
- The lease is valued at $9.8 billion
- The lease covers 352 megawatts of AI factory capacity
What we did: Read our cached copy of the publisher (https://ca.finance.yahoo.com/news/hut-8-stock-is-a-winner-in-a-new-deal-between-anthropic-and-nvidia-backed-lambda-122511171.html) in full (6,072 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 stock is a winner in a new deal between Anthropic and Nvidia-backed Lambda - Yahoo! Finance Canada
Quote: “Then in May, Hut 8 scored an even bigger deal — a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas, covering 352 megawatts of AI factory capacity.”
confirms Hut 8 stock is a winner in a new deal between Anthropic and Nvidia-backed Lambda - Yahoo Finance
Quote: “a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas, covering 352 megawatts of AI factory capacity. The deal sports three five-year renewal options that could push the total contract value to $25.1 billion”