Your lucky if thats 240w. Cheapo amazon buy chinese shit .
Might be light burn though.
Raise your light up another foot or two.
Get a watt meter like the plug in kill-o-watt meter. And see for yourself thats not 1000w of led .
You have a small 2.5x2.5' maybe. The light will probably be fine for that
I think 60-70rh is ideal in young veg mode