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Beacon Point second phase lease

Company: Hut 8 - Project: Beacon Point

Subject kind
partnership
Statement date
2026-08-20
Promised amount
9.8 USD
Current status
stated

The claim, verbatim

Signed a second 15-year, $9.8 billion lease for 352 MW of IT capacity at Beacon Point AI campus in Texas with a high-investment-grade tenant

Source (primary)

Hut 8 Stock Draws Wall Street Heat As Nvidia Deal Locks In $50B AI Leases - timothysykes.com (-, news_article)
View cached copy (2026-08-31)Live source ↗

Quote: “signing a second 15‑year, $9.8B lease for 352 MW of IT capacity with the same high‑investment‑grade tenant”

How we checked this

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of the publisher (https://www.timothysykes.com/news/hut-8-corp-hut-news-2026_08_20/) in full (16,785 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Hut 8 Stock Draws Wall Street Heat As Nvidia Deal Locks In $50B AI Leases - timothysykes.com

Quote: “signing a second 15‑year, $9.8B lease for 352 MW of IT capacity with the same high‑investment‑grade tenant”

View cached copy (2026-08-31)Live source ↗