Texas campus customer lease contract
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 said a high-investment-grade technology customer signed two 15-year leases totaling 704 MW of IT capacity at its Texas campus with a combined base-term contract value of $19.6 billion
Source (primary)
Nvidia Circular AI: Anthropic Signs $35B Cloud Deal Using Hut 8 Campus - the deep dive (-, news_article)
View cached copy (2026-09-02)Live source ↗
Quote: “In July, the company said a high-investment-grade technology customer had signed two 15-year leases totaling 704 MW of IT capacity at the 1 GW Texas campus, carrying a combined base-term contract value of $19.6 billion.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The article reports that in July Hut 8 said a high-investment-grade technology customer signed two 15-year leases. The leases total 704 MW of IT capacity at its Texas campus, with a combined base-term value of $19.6 billion.
Confirmed in the source:
- Hut 8 made the statement (in July)
- The customer is a high-investment-grade technology customer
- The customer signed two 15-year leases
- The leases total 704 MW of IT capacity
- The leases are at Hut 8's Texas campus
- The combined base-term contract value is $19.6 billion
What we did: Read our cached copy of the publisher (https://thedeepdive.ca/nvidia-circular-ai-anthropic-signs-35b-cloud-deal-using-hut-8-campus/) in full (8,159 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nvidia Circular AI: Anthropic Signs $35B Cloud Deal Using Hut 8 Campus - the deep dive
Quote: “In July, the company said a high-investment-grade technology customer had signed two 15-year leases totaling 704 MW of IT capacity at the 1 GW Texas campus, carrying a combined base-term contract value of $19.6 billion.”