Beacon Point Phase 1 commercialized
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Hut 8 commercialized the first phase of its 1 gigawatt Beacon Point AI data center campus in Texas with a 352 megawatt IT lease, 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? - Yahoo Finance (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
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
Checked on October 10, 2026. The cited source supports every part of this claim.
The article states that on May 6 Hut 8 commercialized the first phase of its 1 gigawatt Texas Beacon Point campus with a 15-year, 352 megawatt IT lease worth $9.8 billion in base-term contract value, matching every element of the claim.
Confirmed in the source:
- Hut 8 commercialized the first phase of its Beacon Point AI data center campus
- Beacon Point is a 1 gigawatt AI data center campus in Texas
- The first phase was commercialized with a 352 megawatt IT lease
- The lease has a 15-year term
- The lease carries a base-term contract value of $9.8 billion
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/hut-8-craters-11-despite-161048777.html) in full (11,389 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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? - Yahoo Finance
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.”
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.”