8 containers that size won't fit in a 5x5.
2 rows of 4 containers at those dimensions would measure 64"x72" or 5.3'x6'.
Going with Home Depot's HDX 17Gal totes which are 26.88" L x 18" W x 12.5" H you would be able to fit 2 rows of 3 totes for a total of 6 totes in a 5x5 fitting 36 plants if you do 6 net pots per tote.
Totes -
HDX 17GAL
Would look something like this.
I would go with 3000K. The additional red will help provide a bit more stretch which will be good if you're going straight into 12/12 and will raise overall yield.
What lights specifically are you planning on purchasing?