Nvidia lease for Texas data center
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Signed long-term leases with Nvidia for the full 1 GW Texas data center, with base-term and renewal options totaling up to $50 billion over 30 years
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: “HUT has reportedly signed long‑term leases with Nvidia for the entire 1‑GW Texas data center, with base‑term and renewal options potentially totaling up to $50B over 30 years”
How we checked this
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Additional evidence
confirms Hut 8 Stock Draws Wall Street Heat As Nvidia Deal Locks In $50B AI Leases - timothysykes.com
Quote: “HUT has reportedly signed long‑term leases with Nvidia for the entire 1‑GW Texas data center, with base‑term and renewal options potentially totaling up to $50B over 30 years”