Beacon Point Phase 1 commercialization
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
First phase of 1 gigawatt Beacon Point AI data center campus in Texas commercialized on May 6, 2026 with 352 megawatt IT lease carrying 15-year base-term contract value of $9.8 billion
Source (primary)
Hut 8 Craters 11% Despite a $19.6B Beacon Point Backlog, TeraWulf Falls 5%, IREN Drops 3%: What's Pressuring These AI Miner Stocks? - 24/7 Wall St. (-, news_article)
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Quote: “On May 6, Hut 8 commercialized the first phase of its 1 gigawatt Beacon Point AI data center campus in Texas with a 15-year, 352 megawatt IT lease carrying a base-term contract value of $9.8 billion.”
How we checked this
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Additional evidence
confirms Hut 8 Craters 11% Despite a $19.6B Beacon Point Backlog, TeraWulf Falls 5%, IREN Drops 3%: What's Pressuring These AI Miner Stocks? - 24/7 Wall St.
Quote: “On May 6, Hut 8 commercialized the first phase of its 1 gigawatt Beacon Point AI data center campus in Texas with a 15-year, 352 megawatt IT lease carrying a base-term contract value of $9.8 billion.”