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
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
Confirmed in the source:
- The article reports that Hut 8 signed long-term leases with Nvidia for the entire 1 GW Texas data center
- The article reports that the base-term and renewal options could total up to $50 billion over 30 years
We could not confirm this from the cited source:
- That Hut 8 actually signed the Nvidia leases: the article says only that it 'reportedly' did and gives no confirmation from the company or Nvidia
- That the leases total up to $50 billion: the article says they 'potentially' total up to $50 billion, and that figure depends on renewal options being exercised
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “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”
confirms Hut 8 Stock Draws Bullish Wall Street Targets On Nvidia AI Deal - StocksToTrade
Quote: “Hut 8 has locked in long‑term leases with Nvidia for the entire 1‑gigawatt Texas data center, with options potentially totaling up to $50B over 30 years”
confirms Hut 8 Stock Draws Wall Street As Nvidia AI Deal Lands - timothysykes.com
Quote: “the company has reportedly secured Nvidia as anchor tenant for another 1‑GW Texas data center. Those long‑term Nvidia leases, with base and renewal options reportedly totaling up to $50B over 30 years, effectively lock up the entire campus”