# Hut 8 Extends Beacon Point Phase Two Lease to 17 Years By John Kim Canonical URL: https://www.tokenpost.com/news/business/49196 Published: 2026-11-05T09:58:33.000Z Updated: 2026-11-05T09:58:33.000Z Section: Business > The extension adds two years of contracted revenue tied to 352 megawatts of IT capacity. The original lease had a stated base-term value of $9.8 billion. Hut 8 Mining Corp. extended the Beacon Point Phase Two lease by two years, bringing the term to 17 years and adding contracted revenue tied to 352 megawatts of IT capacity. The [original 15-year Beacon Point lease]() had a stated base-term value of $9.8 billion. ## Links in this article - [original 15-year Beacon Point lease](https://www.tokenpost.com/news/investing/32184)