Beacon Point Phase 2 commercialization and total campus contract value
Company: Hut 8 - Project: Beacon Point
The claim, verbatim
Second 352 megawatt IT lease commercialized by July 20, 2026, bringing total Beacon Point campus base-term contract value to $19.6 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)
View cached copy (2026-08-31)Live source ↗
Quote: “By July 20, the company had fully commercialized the campus with a second 352 megawatt IT lease, bringing campus-level base-term contract value to $19.6 billion.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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: “By July 20, the company had fully commercialized the campus with a second 352 megawatt IT lease, bringing campus-level base-term contract value to $19.6 billion.”