Beacon Point campus lease, 352 MW, 15-year, $9.8B (up to $25.1B with renewals)
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 signed a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas, covering 352 megawatts of AI factory capacity, with three five-year renewal options that could push the total contract value to $25.1 billion
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. The deal sports three five-year renewal options that could push the total contract value to $25.1 billion.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The article states the lease term, value, location, capacity, renewal options and potential total value as described.
Confirmed in the source:
- Hut 8 signed a 15-year, $9.8 billion lease at its Beacon Point campus in Nueces County, Texas
- The Beacon Point lease covers 352 megawatts of AI factory capacity
- The lease includes three five-year renewal options
- The renewals could push total contract value to $25.1 billion
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. The deal sports three five-year renewal options that could push the total contract value to $25.1 billion.”